India Depository Receipt is an instrument in the form of a depository receipt (DR) created by the underlying equity shares of the issuing company. In an IDR, foreign companies would issue shares to an Indian Depository and thus can mobilise funds from India by selling shares. IDR is an opposite case of GDR or ADR. In other words, the IDR is an instrument denominated in Indian Rupees created by a Domestic Depository to enable foreign companies to raise funds from the Indian Securities Markets.
