IREDA Share Price

Share Price
271.49 (-6.27%)
52 Week High
52 Week Low
All Time High
Last Updated
18 July 2024

Indian Renewable Energy Dev Agency (IREDA), established in the year 1987, is a public sector company which provides financial assistance for renewable energy and energy efficiency projects.

IREDA provides loans, grants and equity participation for projects focused on solar energy, wind energy, biomass energy, geothermal energy, waste-to-energy, small hydro power and other energy efficiency projects.

The Initial Public Offering (IPO) of IREDA took place at the end of 2023. Shares of the company were issued for a price of ₹ 32 per share.

The response to the IPO was tremendous – it was over-subscribed 38 times, with the share of QIB (Qualified Institutional Buyers) getting over-subscribed more than 104 times.

The listing was bumper. The share price of IREDA opened at ₹ 50 per share on 29th November 2023 and ended the first trading day at ₹ 60 – nearly doubled the IPO price.

Those who bought for listing gains and sold on the first day, had no clue of what was yet to come. The IREDA share price kept rising relentlessly.

The market capitalization at the time of the IPO was around 8500 crore. This rose to 16,000 crore on the listing day.

At the highs it hit on 6th February 2024 – the share price had risen to ₹ 214.80 per share, commanding a market cap of over 57,000 crore.

The euphoria was such that when the bubble burst, IREDA has continuously hit lower circuits – not giving investors a chance to exit the stock. At its high, people were expecting a multibagger. Barely a few days later, everyone wanted a exit – once again proving how quickly price can change the sentiment on both sides.

IREDA Share Price History

Year Share Price Gain / Loss
IPO ₹ 32.00
Listing ₹ 60.00 + 87.5%
2023 ₹ 102.80 + 71.3%
2024 ₹ 271.49 + 164.1%

IREDA Share Price Chart

Indian Renewable Energy Dev Agency Share Price Click here for high resolution Indian Renewable Energy Dev Agency Share Price chart

IREDA Share Returns Calculator

Enter any amount in the 'Investment amount' field and select a year.

The Indian Renewable Energy Dev Agency calculator will tell you the value of your Indian Renewable Energy Dev Agency investment in 2024.

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  • During 2023, the share price of Indian Renewable Energy Dev Agency was ₹ 32.00.
  • If you had bought shares worth ₹ 2500 in 2023, you would have 781 shares today.
  • At the end of 2024, the current value of your shares would be ₹ 212102.

IREDA Share Returns Comparison

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