Key Concerns (i) IREDA’s non-performing assets (NPA) may increase due to the inability of borrowers to repay its loans due to factors such as delay in payment from state DISCOMs, tariff and regulatory-related issues, delay in project implementation and commissioning, generation-related issues, rise in raw material prices (biomass/municipal solid waste/gas) and financial stress due to other factors including macroeconomic conditions.
(ii) The company’s credit ratings have been downgraded in the past. Any future downgrade could adversely affect the business.
(iii) The company had negative cash flows from operations in the past and there is no assurance that such negative cash flows from operations shall not recur in the future. Negative cash flows over extended periods, or significant negative cash flows in the short term, could materially impact the company’s ability to operate business and implement growth plans.
ICRA is the rating agency and they have never downgraded the rating in the past 4 years. It is actually upgraded. It is rates AAA which is amongst the best rating.
So not know why MC has to report such misleading facts
131. GJ Eighteen| Link| Bookmark|
November 20, 2023 8:15:26 PM
Top Contributor (300+ Posts, 100+ Likes)
Where is anchor book ?? Why not still it is released?
130. svh| Link| Bookmark|
November 20, 2023 11:33:32 AM
IPO Guru (2600+ Posts, 3700+ Likes)
@newgen consultancy Please tell me whether to apply or not….I have funds for bhni of one issue after allocating funds to tata teck…Please advise…. Thanks
B.M.SURANA Surana ji aap to naraj ho gaye. Is platform par about ipo and GMP and about company ke bare me batao to CG ka purpose solve hoga . Vese economy 4 trillion next year tak ho jaayegi.
Salient points to be considered- (1) 77 % exposure to private sector, (2) dedicated company to finance green energy- and this where it isdifferent from REC and (3) a mini ratna company while REC, PFC are maha Ratna (4) lower ROE than PFC and REC
125.3. Liger| Link| Bookmark|
November 20, 2023 5:21:31 PM
Top Contributor (300+ Posts, 500+ Likes)
@Shrewd Traderthough number wise REC & PFC are better than IREDA on all parameters but IREDA has 2 factors in favor for it. 1. IREDA caters to new and emerging sunshine sectors such as RE sector, green hydrogen, green-mobility, battery energy storage systems, ethanol, fuel cells, .... etc. 2. IREDA is very smaller in size (mcap @ 8600cr) compared to REC (92k cr) and PFC (1.07 lac cr) and has potential to grow at faster pace. All eyes now on tonights Anchor subscription data.
125.4. Liger| Link| Bookmark|
November 21, 2023 10:23:10 AM
Top Contributor (300+ Posts, 500+ Likes)
Strong Anchor Investor Backing 👌 The impressive list of anchor investors includes global financial giants like Goldman Sachs, Societe Generale, and Integrated Core Strategies (Asia). Moon Capital Trading, Copthall Mauritius, and BNP Paribas Arbitrage also joined this stellar group. On the domestic front, leading mutual funds and insurance firms, such as SBI Mutual Fund, HDFC Mutual Fund, and LIC MF, demonstrated their faith in IREDA's potential.
124. KING VINOD| Link| Bookmark|
November 20, 2023 2:37:02 PM
IPO Guru (2500 Posts, 5400+ Likes)
IREDA GMP: 07 ~ 07:50 @ 02:35pm # 20 Nov. I suggest IREDA to Sell and Apply
Thak gye sb log msgs karke , bada lamba gap hai kitni baate karenge sab log Ab open hoga ipo tb baate hongi saare pages par
116. svh| Link| Bookmark|
November 20, 2023 11:22:51 AM
IPO Guru (2600+ Posts, 3700+ Likes)
As per Live GMP , SORRY as per Live GDP INDIA / BHARAT touch 4 Trillion $ GDP benchmark is a fake news.
🙏👍
115. k l patel| Link| Bookmark|
November 20, 2023 11:02:19 AM
IPO Mentor (600+ Posts, 200+ Likes)
if we compare ireda with pfc or rec, both pfc rec had huge runup in last few months and nearly tripled in price, but still ireda price is costly than pfc rec, i can only rely on GMP to apply here and exit on listing with 20% profit