IREDA IPO
We will continue to focus on improving quality of assets and quarterly numbers: Pradip Kumar Das, IREDA
Our net NPA has come down, which is confirming that our asset quality is improving. The team has worked pretty hard on ensuring that Q1 itself will give good numbers because post IPO the investment community is very enthusiastic and curious about our performance, so we are also equally responsible and sensible to responding to them with good numbers and qualitative governance.
IREDA shares zoom 9% after PAT jumps 30% YoY in Q1
Shares of IREDA rallied 9% to a fresh 52-week high of Rs 310 on BSE after the company reported a net profit of Rs 384 crore for the quarter ended June 30, 2024, compared to Rs 295 crore in the year-ago period.
IREDA shares surge nearly 6% after sanctioned loans amount jumped nearly 5 times
Shares of the Indian Renewable Energy Development Agency (IREDA) surged 6% to reach the day’s high of Rs 202 on the BSE. This increase followed the company's announcement of significant year-on-year growth in its sanctioned loans by 382.62% and loan disbursements by 67.61%.
Unlisted shares offer terrific returns, but also carry very high risks; should you invest?
In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial advisers say retail investors should not dabble in unlisted shares for the simple reason that the risk they entail is not worth the rewards they offer.
Tata Tech among 6 IPOs where mutual funds invested in November
Aditya Birla Sun Life MF, Axis MF, DSP MF, Franklin Templeton MF, ICICI Prudential MF, Kotak MF, Nippon India MF, Motilal Oswal MF, Mirae, Sundaram, JM and SBIMF shopped for Tata Tech, a Nuvama report said. They added shares worth Rs 1,120 crore.
Tata Tech's the new superhero on Dalal Street
The sole disappointment in this spectacular season for new listings was Fedbank Financial Services (Fedfina), which remained flat on its first day of trading.
IREDA IPO share allotment likely to be finalised today. Here's how you can check status
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
IREDA IPO subscribed 38.8 times at close; QIB part booked over 100 times
IREDA shares are commanding a premium of Rs 10 in the unlisted market as against an offer price of Rs 31. Most analysts recommend subscribing to the initial public offering of Miniratna company IREDA, given that it’s the largest pure-play in green energy financing and also gives an opportunity to bet on the country’s renewable energy goals.
Tata Technologies vs 4 other IPOs: Which is the best bet if you have to pick one?
Analysts seem to be veering towards Tata Tech IPO as they believe it is a must apply not only based on the grey market trends for listing gains, but also for its long-term prospects due to Tata's lineage and healthy financials.
IPO Tracker: 4 out of 5 issues fully subscribed; Fedbank Financial lags
The IPO of IREDA was booked 3.41 times so far on the second day of the bidding process, led by strong interest from non-institutional investors, whose category was subscribed 5.73 times. IREDA shares are commanding a premium of Rs 10 in the unlisted market against an offer price of Rs 31.
IREDA IPO booked nearly 2x on Day 1; all categories oversubscribed
IREDA is India’s largest pure-play green energy financing NBFC and plays a strategic role in the development of renewable energy with a comprehensive suite of financial products and other value chain activities, such as equipment manufacturing and transmission.
IREDA IPO opens today. Should you subscribe to this prospective Navratna company?
IREDA’s Rs 2,150 crore worth IPO opens for subscription on Tuesday and closes on Thursday. The IPO consists of a fresh issue of shares worth Rs 1,290 crore and an offer for sale of Rs 860 crore by the government. The company has fixed the price band for the IPO at Rs 30-32 a share.
IREDA IPO to open today. What GMP signals ahead of issue launch
About 50% of IREDA IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
Amid a rush of IPOs, here’s how to navigate the offers
To apply for an IPO, you need to have a demat (dematerialised) account with a depository participant. A demat account to hold shares is paperless and can be opened online with a broker of your choice. Once this is done, there are two ways in which you can apply for an IPO.
IPOs with high demand from staff show big listing gains
This is because half of the companies that reserve portions for employees in their IPOs are not able to get the portion fully subscribed. Hence, when the employees over-subscribe to an issue, it indicates high confidence in the prospects of the business.
IREDA’s IPO offers a renewable play on climate needs, so does a crowd of peers
With a loan book size of Rs 47,515 crore, IREDA lends to the sole sector of renewable energy in India thereby making it the country’s largest pure-play green energy financer. It has significantly improved asset quality over the past three years. The lender operates in a high-growth sector given the government’s thrust on green energy. Given these factors and a reasonable valuation, long term investors may consider the IPO.
Primary market on a roll next week as Rs 7,300 crore worth IPOs on sale!
The biggest among the five is Tata Technologies Ltd, which plans to raise Rs 3,040 crore through an initial public offering of shares. The second on the list is Mini Ratna company Indian Renewable Energy Development Agency Ltd, and the government is looking at raising Rs 2,150 crore through this public offer.
IREDA IPO: State-run NBFC sets price band of Rs 30-32/share for upcoming public offer
IREDA IPO consists of a fresh issue of up to 40.3 crore equity shares and an offer for sale (OFS) of up to 26.8 crore equity shares by the government. About 50% of the IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
Federal Bank's arm Fedfina, IREDA get nod from Sebi to float IPOs
Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP.
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