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Ajcon Global Services Ltd, BP Equities (BP Wealth), Choice Equity Broking Pvt Ltd, cholamandalam securities limited, DALAL & BROACHA STOCK BROKING PVT, Dilip Davda, HENSEX Securities, Indsec Securities, Motilal Oswal, Nirmal Bang, Reliance Securities, SMIFS Limited, Stoxbox by BP Equities Pvt Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to IREDA IPO. Capital Market has given "May Apply" recommendation to IREDA IPO. Ashika Research, SBICAP Securities Limited, Sushil Finance Ltd and Systematix Shares and Stocks (India) Limited have "Not Rated" the IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
---|---|---|---|---|---|
Count | 15 | 1 | 0 | 0 | 4 |
% | 75.00 | 5.00 | 0.00 | 0.00 | 20.00 |
Reviewer | Recommendation | Past Reviews |
---|---|---|
Ajcon Global Services Ltd | Apply | |
Ashika Research | Not Rated | |
BP Equities (BP Wealth) | Apply | |
Capital Market | May Apply | |
Choice Equity Broking Pvt Ltd | Apply | |
cholamandalam securities limited | Apply | |
DALAL & BROACHA STOCK BROKING PVT | Apply | |
Dilip Davda | Apply | |
HENSEX Securities | Apply | |
Indsec Securities | Apply | |
Motilal Oswal | Apply | |
Nirmal Bang | Apply | |
Reliance Securities | Apply | |
SBICAP Securities Limited | Not Rated | |
SMIFS Limited | Apply | |
Stoxbox by BP Equities Pvt Ltd | Apply | |
Sushil Finance Ltd | Not Rated | |
Swastika Investmart Ltd | Apply | |
Systematix Shares and Stocks (India) Limited | Not Rated | |
Ventura Securities Limited | Apply |
The Captial Market (CapitalMarket.com) rating for IREDA IPO is 46. Their analysis recommends May subscribe for the IPO.
Reviewer | Rating Score | Rating |
---|---|---|
Capital Market | 46 | May subscribe |
[Dilip Davda] IREDA enjoys front runner tag in renewable energy financing and advisory services and is a PSU. It has posted growth in its top and bottom lines for the reported periods. Based on annualized FY24 earnings the issue appears fully priced, but is a long race horse. Well-informed investors may invest in this issue with a long term perspective. Read detail review...
Indian Renewable Energy Development Agency Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)
Company Name | EPS (Rs) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | |
---|---|---|---|---|---|
EPS Basic | EPS Diluted | ||||
Indian Renewable Energy Development Agency Limited | 3.78 | 3.78 | 25.98 | 15.44 | |
REC Limited | 42.28 | 42.28 | 220.72 | 5.81 | 20.41 |
Power Finance Corporation | 60.19 | 60.19 | 424.16 | 4.52 | 20.34 |
Notes for listed peers :
(1) All the financial information for listed industry peers mentioned above on a consolidated basis and is sourced from the annual reports for the year ended March 31, 2023.
(2) Basic EPS sourced from the annual report of the peers for the year ended March 31, 2023.
(3) Diluted EPS sourced from the annual report of the peers for the year ended March 31, 2023
(4) NAV is computed as the closing net worth divided by the closing outstanding number of equity shares as on March 31 ,2023.
(5) P/E Ratio for the listed industry peers has been computed based on the closing market price of equity shares on September 7, 2023
on NSE, divided by the Diluted EPS provided under Note 3 above.
(6)Return on net worth (RoNW) is computed as total profit/ (loss)(including profit attributable to non-controlling interest for the
year divided by Average net worth (including non-controlling interest) as at March 31, 2023. Average of the total equity (including non-controlling interest) attributable to the equity shareholders of our Company at the beginning and ending of the year.
IREDA IPO Reviews, analysis and views by popular members. Read Indian Renewable Energy Development Agency Ltd IPO reviews by retail investors to find recommended ipo to buy.
Post Recommendation Manage Your IPO Reviews
Review By | Apply | May Apply | Neutral | Avoid |
---|---|---|---|---|
Count | 4 | 4 | 0 | 2 |
% | 40.00 | 40.00 | 0.00 | 20.00 |
Member | Review |
---|---|
DAgrawal |
Apply for Long Term at Cut-off Price Good PSU November 23, 2023 10:17:21 AM |
Vicksa |
May Apply for Listing Gain at Cut-off Price some listing gains possible November 21, 2023 2:54:55 PM |
IPO LEADER IPO Mentor (800+ Posts, 400+ Likes) |
Avoid 1st PSU after LIC, hopefully LIC jsa haal na ho... I will avoid November 20, 2023 3:40:28 PM |
NBV |
Apply for Long Term at Cut-off Price Company has potential to grow when the assets and revenue is compared. Also about 22% of profit is seen year on year. Clear energy could be a futuristic goal. November 20, 2023 1:28:33 PM |
Anushka Anylisis |
Apply for Long Term at Cut-off Price Don't Run (apply) for listing Gains |
B.M.SURANA IPO Guru (2700+ Posts, 5300+ Likes) |
May Apply for Long Term at Upper Price Band PE 7.5 Reasonable November 19, 2023 1:25:07 PM |
Krishna Vikram |
Apply for Long Term at Upper Price Band P/BV offered is very generous. P/BV <1.1 looking at September Book value vs competition at 1.3-1.5. High growth stock faster than peers. |
hoxin |
May Apply for Long Term at Cut-off Price i think this is the time of trend not valuation and debt to equity ration as the economy & government of our country hold strong position and confidence national & international level so FII's & big investor will enter in this. November 16, 2023 5:04:20 AM |
JSK✨ IPO Guru (1600+ Posts, 900+ Likes) |
May Apply for Long Term at Cut-off Price 3-4% listing gain highly possible. People can apply IPO with reasonable risk as no-one can give guarantee about exact listing gain. As we know, government IPO didn't do better in listing but definitely good candidate to buy on pre/post listing and good portfolio stock to hold for sure. |
arunARUN IPO Guru (1900+ Posts, 1700+ Likes) |
Avoid It is better to buy REC Ltd given its price book and price earning ratio. Nothing left on table November 14, 2023 8:00:41 PM |
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