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IREDA launches ₹4,500 crore QIP — Here is a list of who owns the stockAs of date, that number of retail shareholders in IREDA has nearly doubled from listing to 26.48 lakh, who have a 20.25% stake in the company.By Hormaz Fatakia   June 6, 2025, 6:52:43 AM IST (Published)2 Min ReadShares of state-run Indian Renewable Energy Development Agency (IREDA) ltd. will be in focus on Friday, June 6, after the company launched its much awaited Qualified Institutional Placement (QIP) on Thursday night.

IREDA plans to raise up to ₹4,500 crore by selling shares to eligible institutions. Floor price of the QIP has been fixed at ₹173.83 per share, which is a discount of just 1.7% from IREDA's closing price on Thursday.

So who owns IREDA's shares? 

IREDA made its stock market debut in December 2023. Within a few days of listing, the stock multiplied nearly 7x from its IPO price of ₹32 per share, making new highs beyond ₹200 apiece. However, the stock soon halved from those levels, falling below ₹100, before staging another rebound towards the second-half of 2024 enroute to new highs of ₹310 per share.

At that all-time high levels, the stock was up nearly 10x from its issue price.

Since its listing, the government has continued to hold 75% stake in the company.

Much of the other free float has been in the hands of retail shareholders, who have continued to pile into the stock through its highs and lows.

At the end of December 2023, which was its first month post listing, IREDA had 13.5 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, who had a 15.25% stake in the company.

As of date, that number of retail shareholders has nearly doubled to 26.48 lakh, who have a 20.25% stake in the company.

India's domestic mutual funds have continued to stay away from the stock, continuing to have a negligible exposure (0.23%). Foreign Portfolio Investors have a 1.75% stake at the end of the March quarter.

IREDA's management in earlier interactions has highlighted the need for growth capital to justify the pace at which the company is growing and had hence requested the government to take the QIP route to raise funds.

Shares of IREDA ended 1.4% higher on Thursday at ₹176.5. The stock has risen 10% in the last one month but is still down over 40% from its all-time high levels.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIREDAIREDA share priceQIPqualified institutional placement (QIP)share market today