IREDA Share Price Rise Over 2% After ₹2,000 Crore Fundraise; LIC Gets 50% Allotment

IREDA share price rose over 2% on June 11, 2025, after the company announced the successful closure of its Qualified Institutional Placement (QIP), through which it raised ₹2,000 crore. The stock opened at ₹182.45 and touched a high of ₹183.50 on the BSE.

LIC Takes 50% of the QIP Allotment

As part of the QIP, IREDA issued 12.14 crore equity shares at ₹155.14 each, which was a 5% discount to the floor price. LIC received 50% of the total shares allotted in this issue. Before this, LIC did not hold any significant stake in the company, based on the March quarter shareholding data.

Other Key Investors in the QIP

Along with LIC, global institutions like Societe Generale, Morgan Stanley, and Vikasa India EIF I Fund also participated, each securing over 5% of the shares offered.

Equity Base Expands Post Issue

Following the QIP, IREDA’s total paid-up share capital increased from ₹2,687 crore (268.77 crore shares) to ₹2,809 crore (280.92 crore shares).

About Indian Renewable Energy Development Agency Limited

Indian Renewable Energy Development Agency Limited (IREDA) is a public sector company in India that offers financial support and related services for projects focused on renewable energy and energy efficiency or conservation.

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IREDA Share Price Movement

As of June 11, 2025, IREDA share price was trading at ₹182.70, up 0.13% for the day. Over the past 5 days, the stock gained 3.75%, while it rose 8.81% over the past month. On a year-on-year basis, the stock is up 1.43%. Over the last 5 years, IREDA has delivered a remarkable return of 191.31%, reflecting strong long-term growth.

Conclusion

IREDA’s successful ₹2,000 crore fundraising via QIP and LIC’s major stake allotment boosted investor sentiment. 

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