CHENNAI: Indian Renewable Energy Development Agency (IREDA), a mini ratna under the Union ministry of new and renewable energy, will launch its IPO on Tuesday.
Registered as a Systemically Important Non-Deposit-taking Non-Banking Finance Company with Infrastructure Finance Company status,It has set the price band at Rs 30-32 per share and is looking to raise up to Rs 2,150 crore.
A statement here said, the offer comprises fresh issuance of equity shares up to 40.3 crore and an Offer for Sale of up to 26.9 crore equity shares.
