Initial public offer of up to 671,941,177 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 premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores, comprising a fresh issue of up to 403,164,706 equity shares aggregating up to Rs. [*] crores by the company (the Fresh Issue) and an offer for sale of up to 268,776,471 equity shares aggregating up to Rs. [*] crores by The President of India, acting through the ministry of new and renewable energy, government of india (Promoter Selling Shareholder) (Offer for Sale, and together with the fresh issue, the Offer).This offer includes a reservation of up to [*] equity shares aggregating up to Rs. [*] crores (constituting up to [*]% of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the Employee Reservation Portion). The company and the promoter selling shareholder, in consultation with the book running lead managers, may offer a discount of up to Rs. [*] of the offer price to eligible employees bidding in the employee reservation portion (Employee Discount). The offer less the employee reservation portion is hereinafter referred to as Net Offer. The offer and the net offer would constitute [*]% and [*]%, respectively, of our post-offer paid-up equity share capital. Offer and the net offer would constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital. Employee discount, if any will be decided by the company.