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A wholly owned subsidiary and the investment banking arm of State Bank of India
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SBICAPS Successfully Led the INR 2,150 Crores IPO of IREDA

2023

Issuer Details

  • India’s largest pure-play green financing entity with thirty-six years of rich heritage
  • Strategic role in powering GoI’s initiatives for promotion & development of renewable energy sector
  • Comprehensive suite of financial products and services across Traditional and Emerging green technologies
  • Strong track record of growth with a geographically and sectorally diversified asset book
  • Low cost of funds through strong relationships with International financing institutions and domestic lenders along with highest credit rating of ‘AAA/Stable’

Key Transaction Highlights

  • SBICAPS positioned IREDA as a key player in India’s renewable energy sector with a differentiated high-growth story
  • SBICAPS – Investec delivered stellar performance with the highest procurement amongst the 3 BRLMs at 66% of the Anchor Book Demand
  • SBICAPS – Investec was crucial in converting marquee long-only investors and hand holding the management throughout the IPO Process
  • SBICAPS leveraged its exceptional domain capabilities in the BFSI sector to lead this extremely successful IPO

Issue Details

Issue Size INR 2,150 Cr
Fresh Issue INR 1,290 Cr
Offer Sale INR 860 Cr
Issue Price INR 32 per share
Issue Period Nov 21 - 23, 2023
Listing Date 29th Nov 2023
Overall Subscription 38.9x*

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