Indian Renewable Energy Development Agency IPO now open: 20 key risks from RHP to consider before subscribing to issue

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₹30 to ₹32 per equity share of face value of ₹10. Some of the key risks highlighted by IREDA in its Red Herring Prospectus, or RHP, include- 1- IREDA's business and financial performance could suffer if it is unable to effectively manage the quality of its growing asset portfolio and control the level of our non -performing assets ("NPAs") 2- Volatility in interest rates could adversely affect IREDA business, net interest income and net interest margin, which in turn would adversely affect business, results of operations and financial condition. 3.

IREDA if unable to secure borrowings on commercially acceptable terms and at competitive rates, this could adversely affect its business, results of operations and financial condition. 4. Projects and schemes for generating electricity and energy through renewable sources like solar, wind, hydro, biomass, waste -to-energy and new and emerging technologies have inherent risks and, to the extent they materialize, could adversely affect its business, results of operations and financial condition.

5. The COVID 19 has had, and a similar pandemic could have, certain adverse effects on our business, operations, cash flows and financial condition. 6.

IREDA’s credit ratings have been downgraded in the past. Any future downgrade in its credit ratings could adversely affect its business, results of operations and financial condition. 7.

IREDA operates in a highly competitive environment and increased competition in lending to the RE sector, including to new and emerging technologies, could have a material adverse effect on our business, results of operations and financial condition. 8. IREDA level of indebtedness and the restrictive covenants in its borrowing agreements that they have