IREDA Launches Retail Division to Boost Renewable Energy Financing
Pradip Kumar Das, Chairman & Managing Director (CMD) of the Indian Renewable Energy Development Agency Limited (IREDA), unveiled IREDA’s retail division on Friday, marking a significant step towards expanding its lending services. The retail division officially commenced operations on December 5, with a primary focus on providing loans to borrowers participating in the PM-KUSUM scheme, Rooftop Solar projects, and various Business-to-Consumer (B2C) sectors, according to an official statement.
I applied for 460 ireda shares using axis bank asba facility. Bidding of this was done but amount was not blocked by axis bank because of which no allocation of shares was done by the registrar. Kindly advise what action can be taken for this gross negligence on the part of the bank. Thanks in advance.
1128.1. Basuvr| Link| Bookmark|
December 9, 2023 6:22:07 PM
IPO Guru (2000+ Posts, 1100+ Likes)
@Yamunna Sir please raise it with bank in form of a written complaint at branch or email them. If there is any fault from bank side they do provide some compensate based on allotment probability and listing gain. 🙏
1128.2. CASuraj| Link| Bookmark|
December 11, 2023 10:14:25 AM
Top Contributor (300+ Posts, 100+ Likes)
I faced the same with HDFC and have written them and registrar, let’s see.
Delivery is 25% which is 5.3 cr shares, Let take avg price of delivery 67 so total 67*5.3 cr = 355cr rs delivery has taken today. For me this seems quite interesting.
1127.2. Rakcyt| Link| Bookmark|
December 8, 2023 11:03:56 PM
IPO Guru (1300+ Posts, 1300+ Likes)
@Tindu Mindu The main difference is that Tata tech fell like nine pins from ATH while ireda has shown healthy upward movement with high RSI and would scale further heights .
1127.3. Rakcyt| Link| Bookmark|
December 12, 2023 5:15:07 PM
IPO Guru (1300+ Posts, 1300+ Likes)
It has moved in the right trajectory.......this is inspite of Nav Ratna status which is yet to be announced......is it factored in already ???or some more fire is left ....let's see 😉😉
1127.4. G profit| Link| Bookmark|
December 13, 2023 6:16:55 AM
IPO Mentor (1200+ Posts, 300+ Likes)
It means that investors and share holders traded 25% of the shares. Balance 75% was by intra day traders and operators
Navratna news known to everyone even before ipo closing, I don't think this news will impact much positive, however, if not included in navratna, negative impact will be huge
1124. whiteFox| Link| Bookmark|
December 8, 2023 9:51:33 AM
IPO Mentor (600+ Posts, 200+ Likes)
1122.1. Rakcyt| Link| Bookmark|
December 8, 2023 10:49:48 AM
IPO Guru (1300+ Posts, 1300+ Likes)
Wait was worth it....sold 3000 @ 72/_ holding remaining for beyond 75
1122.2. RPSM| Link| Bookmark|
December 8, 2023 12:11:40 PM
Top Contributor (200+ Posts, 100+ Likes)
Y are you solding man
Less than 2 Years, it will double (Rs. 150)
Next 3 Years, No Dividend
From 2026, Handsome Dividend expected (Rs. 10 per share atleast) with a value of Rs. 300 per share
1122.3. Rakcyt| Link| Bookmark|
December 8, 2023 1:10:14 PM
IPO Guru (1300+ Posts, 1300+ Likes)
Dear I do swings for mid term .....sell and then buy on dips .....still holding 7000 ireda 10000 CPSETF 7000 Irfc .......have cycled and made swings multiple time over the years ....recycle the money and plough back profits .....hope that is in line what you expected from a wise investor
@lokes do you second my strategy or I am wrong somewhere
Original strategy was to hold to reach first target 75 but TATA brought downside post listing all recent IPO stocks which affected IREDA to some extent on last friday.
Mumbai broker said buy to all to have 75 initial target which brought stock from 32 -> 50 -> 68 -> 63, let's see moving ahead how it reacts post election result in following weeks.
IT'S A GOOD STOCK TO HOLD FOR LONG TERM . IF YOU JUST CAME FOR LISTING GAIN WITH A SL AROUND 60 CAN HOLD UP TO 75 . ELECTION RESULTS CAME IN FAVOUR SO A POSITIVE MOMEMNTUM WE CAN SEE TOMMORW. LET'S SEE HOW MARKET REACTS TOMMORW
Yes,Sir. I fully agree with your view. By the way, Hearty congratulations on upgradation to IPO GURU. Please continue to post your valuable insights for the benefit of the learning community like me. God blesses you with all the best.
Please be watchful. It’s trading presently at 100% margin on the allotment price. Depending upon your risk tolerance, you may take a decision on your own. Best of luck.