IREDA LISTING PRICE
Phillip Capital sees a 56% downside potential in IREDA shares as best value already priced in
Phillip Capital maintains a sell view on IREDA, citing concerns over earnings growth not keeping pace with loan growth. Despite strong loan growth prospects, the company faces challenges in maintaining return ratios and credit costs.
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 Q1 Results: PAT jumps 30% YoY to Rs 384 crore, revenue surges 32%
IREDA Q1 Results: The state-run NBFC saw a significant increase in loan sanctions, up 387% to Rs 9,210 crore compared to Rs 1,892 crore in the same period last year. Loan disbursements also rose by 68%, reaching Rs 5,326 crore compared to Rs 3,173 crore in the previous year.
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.
Stock Radar: Multibagger returns in less than 1 year! This green NBFC player is poised for continued growth
IREDA has rallied by about 190% since its November 2023 listing. After reaching 215 in February, the momentum in the stock fizzled out. It continued to drift lower and found support above 120 levels in March. The stock is trading well above most of the crucial moving averages such as 5,10,30,50 and 100-DMA on the daily charts.
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Government gains PSU muscle as stocks climb peaks
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
No harm in taking some money off the table in power finance companies, PSU banks: Gurmeet Chadha
Gurmeet Chadha suggests investments in tier II banks, good NBFCs like Poonawalla UGRO. He discusses impacts on stocks like PFC, REC, IREDA due to RBI norms. Chadha also mentions the excitement around Aadhar IPO and counter cyclical investments in various sectors.
Pradip Kumar Das on how navratna status is going to help IREDA
CMD Pradip Kumar Das elaborates on IREDA's growth strategy, leveraging Navratna status for lower borrowing costs and overseas green bond exploration to support sustainable project financing and brand building efforts.
IREDA shares hit 5% upper circuit after Q4 business update
"IREDA has recorded the highest ever loan sanctioned at Rs 37,354 crore, loan disbursement at Rs 25,089 crore during FY 2023-24. Loan Book stands at Rs 59,650 crore, a record growth of 26.71%," the company said in an exchange filing.
Nearly 70% IPOs of FY24 trading above issue prices. What lies ahead in FY25?
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
IREDA shares hit 5% upper circuit on fundraising plan
Shares of the state-owned Indian Renewable Energy Development Agency (IREDA) climbed 5% to hit an upper circuit at Rs 138.6 on BSE after the firm declared plans to raise Rs 24,200 crore in FY 2024-25 through borrowing.
IREDA shares tank 14% in three sessions. What should you do?
IREDA stock has been on a course correction since hitting its all-time high of Rs 214.80 on the NSE on Tuesday, February 6. Today's price action was accompanied by strong volume action with more than 27.39 lakh shares changing hands around 11:20 am.
Multibagger! IREDA shares climb 5% on signing green power co-finance deal with Indian Overseas Bank
IREDA shares rose 5% after partnership with IOB to co-finance renewable energy projects. As per Trendlyne data, the average target price of the stock is Rs 80, which shows a downside of 35% from the current market prices. The consensus recommendation from one analyst for the stock is a 'Strong Sell'.
Multibagger! IREDA shares hit 20% upper circuit to triple from IPO issue price
With Tuesday's rally, IREDA's market cap crossed the Rs 26,000 crore mark. The stock has tripled from its issue price of Rs 32 in just ten days of listing. The stock went public on November 29, ending at 87.5% higher than its issue price.
IREDA chief expects navratna status soon, not worried about REC, PFC competition
“We are a Government of India company and getting navratna status is the Government of India's process. We are meeting all the criteria and I believe that the recent meeting was quite satisfactory. Since it is the Government of India's internal process and decision, I will not divulge what we have discussed there. We are hopeful that the process will get completed soon”.
IREDA shares rally 15% to double from IPO issue price in two days
The total gains in the two sessions stand at 115% over the issue price. The price action was aptly supported by volume action with over 14.46 crore shares changing hands on the NSE around 10 am.
Use dips to buy IREDA and do a SIP for next 6 months: Sanjiv Bhasin
“If you failed to get allocations in IREDA, I would suggest doing a SIP for the next six months. Buy some now, buy some on declines and keep buying every month. It depends on your duration as an investor. The short-term traders will have made a killing. But the longer-term play is still to be invested in power lenders because they have never had it so good.”
Got IREDA and Tata Tech stocks? Long-term hold or sell on listing?
“The sector that IREDA is in, is clearly a monopoly or rather an oligopoly. It enjoys a durable competitive advantage. My sense is people who have got an allotment will hold on to it. Yes, there are a lot of listing gains; people would take on that but these are companies which over the longer term create good wealth.”
By 2030, for adding renewable energy, Rs 12 lakh crore will be needed from the NBFC space: IREDA chief
"Till 2030, we envisage another 320 gigawatt of capacity addition in the renewable itself will be there. This will require around Rs 30-32 lakh crores of investment in the country. If you take 75-25 debt equity, it means roughly Rs 24 lakh crore of investment from the debt market is required. If you take 50-50 debt from NBFCs and others, around Rs 12 lakh crore will be needed from the NBFC space in which IREDA, REC, PFC are going to play a very major role."
IREDA trumps Street expectations with a robust debut. Is it a good long-term bet?
Despite solid listing gains, analysts are quite bullish on the stock from a long-term perspective. With India's ambitious renewable energy goals, they believe IREDA is well positioned to benefit from the opportunities in this space.
Solid Start! IREDA shares list at 56% premium over IPO price
Ahead of the listing, IREDA shares traded at a premium of Rs 12.25 in the unlisted market. The IPO received an overwhelming response from investors, having been oversubscribed by 38.8 times, reflecting investor sentiment about the company's strong fundamentals and growth potential. Analysts believe India has ambitious renewable energy goals and IREDA is well positioned as the largest green financing NBFC to tap into the rapidly expanding sector growth.
If you are not allocated IREDA shares, should you still buy at higher levels? Daljeet Singh Kohli answers
“It is like earlier you had only two options – REC & PFC – and now you have a third option. So, if somebody is adding a fresh position in power financiers, he has out of the three to choose instead of two. Otherwise, all three of them will be similar and we would like to go with the existing ones.”
IREDA GMP: Will the state-owned PSU see a solid listing tomorrow?
"We believe the listing premium is justified on the back of the company being tagged as leading PSU player in renewable energy financing and advisory services and a possible upgradation from a Mini Ratna to a Navratna company in near future which increases financial autonomy, allowing it to accelerate faster in the competition," said Prashant Tapse of Mehta Equities.
Deven Choksey on 3 stocks that are going to see blockbuster listing in days to come
“The market definitely wants the larger number of sectors to play. Engineering R&D is one sector where you have likes of Tata Elxsi; you have likes of Cyient Technology, KPIT, LTI MindTree. Some of these companies which are having their niche position in that and that also adds into the Tata Technology kind of companies.”
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.
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.
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.
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