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IREDA IPO Review Summary from brokers and analysts

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

IREDA IPO Capital Market Rating

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

IREDA IPO Review by Dilip Davda (Apply)

[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 IPO Peer Comparison

Indian Renewable Energy Development Agency Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company NameEPS (Rs)NAV (per share) (Rs)P/E (x)RoNW (%)
EPS BasicEPS Diluted
Indian Renewable Energy Development Agency Limited3.783.7825.9815.44
REC Limited42.2842.28220.725.8120.41
Power Finance Corporation60.1960.19424.164.5220.34

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 Review by Members

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.

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IREDA IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 4 4 0 2
% 40.00 40.00 0.00 20.00
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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 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
Only Go For Long Term minimum Hold 2025 to 2026
Just like IRFC
NOTE :… BEFORE APPLY PLEASE ASK TO YOUR FINANCIAL ADVISOR

November 20, 2023 5:33:06 AM
B.M.SURANA
IPO Guru IPO Guru (2700+ Posts, 5300+ Likes)

May Apply for Long Term at Upper Price Band

PE 7.5 Reasonable

I Like It. 1

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.
(Its an NBFC so do not fall in the trap of evaluating P/E).

Plus PSU so long term stability is guaranteed. Already have relationships with World bank, ADB etc so good foreign investment can be expected.

November 18, 2023 5:56:44 PM
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 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.

In my opinion, IREDA is better IPO in terms of business and future demands for the world. More, government and entire world is more focused in this direction like solar, wind, hydro and energy etc.

I Like It. 1

November 15, 2023 12:41:09 PM
arunARUN
IPO Guru 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

I Like It. 1

November 14, 2023 8:00:41 PM

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