Initial public offering of up to 139,000,000 equity shares of face value of Rs. 10 each (equity shares) of Indian Renewable Energy Development Agency Limited (the company or the issuer) for cash at a price of Rs. (*) per equity share (including a share premium of Rs. (*) per equity share) (the issue price) aggregating up to Rs. (*) Crores, (the issue). The issue inludes a reservation of up to 695,000 equity shares aggregating to Rs. (*) Crores for subscription by eligible employees (as defined herein) (employee reservation portion). The issue less employee reservation portion is referrred to as the net issue. The issue and the net issue will constitute up to 15.05% and 14.97%, repectively, of the post issue paid-up equity share capital.The face value of equity shares is Rs. 10 each. The issue price is (*) times the face value of the equity shares.