Indian Renewable Energy Development Agency Ltd IPO Message Board (Page 9)

Hold hold hold
Will close today @50+ levels

47 pe list karvayege sayad tak

46.90 🔥

One out of 6 in retalil

IREDA Preopen @ 50 Now
Don't Sell
Tomorrow - Navaratna Status will be given

IREDA PreOpen @ 46

Huge Buying (Almost Double of Sellers)

Grow is on some different level 😂

wow now groww owes you 5lakh+ Congrats :)

My expectation is that it will list near 44-45 levels and 20% upmove from there due to navratna status... Hold tightly.. Huge buying may be witnessed.

Anyone know time of meeting for navratna announcement?

It will list 44 to 45.50
#May be i am wrong
#khelahobe #Khelahobe

Premium hitting new high of 13. Expecting excellent listing. Renewable energy is good theme to invest so no harm in holding for medium turm.

Sharing my listing day strategy here, as already posted elsewhere.

I will sell approx 75% of my allotment in chunks in 45-55, which I expect to be achieved in max few months to a year max, and retain the rest in long term portfolio.
I will not sell a single share till above levels are attained.

Those who haven't got allotment can buy below 40 (if it comes) for handsome returns in a year, and even in 40-45.

A request and advice to all, as always. Please don't put sell orders in pre open unless in dire need of urgent funds. It unduly undermines the price discovery, and it is generally not in your own interest.

End of the day, your money, your call.
ATB all.

+45

​
@Manan Surana bhai, aapke muh mein ghee shakkar!!
As planned, sold about 75% in 54-60.
Retaining the rest in long term portfolio.

I still see value in this for medium to long term. But would advise waiting for assembly election results. It could provide a knee jerk reaction opportunity in recent good listings like IREDA, Tata Tech, etc.

IREDA total share holding post issue 2,687,764,706 i.e. approx 269 crore. FY 22-23 profit after tax 865 crore. Profit for first 6 month of this fiscal is 579 crore. So if we assume full year profit for this year around 1200 crore then as per Gov. of India policy all profitable PSU need to give at least 30% of there profit as dividend then this year IREDA have to give 360 crore dividend. Normally PSUs give more dividend then the 30% but if IREDA can give only that much then it's still give approx Rs. 1.30 dividend this year and at Rs. 45 share price it's more than 3% which is more then the interest some big banks provide on savings account.

For this 3% stable income only many institution will buy it, but this is much more than that. In 4 to 5 years this will surely give upwards of Rs. 6 dividend a year so this will became a muti-bagger soon.

IREDA has replough option for 3 more years. So they won't pay any dividend but it's better for growing company like IREDA to use profits in further growth. This is a gem of stock with only 1 con that is govt policy otherwise it has all qulities of a portfolio stock.

I would prefer them to use that profits to borrow more loans, and thus lend more to more customers as that is the best use of the money rather than giving it out as dividends.

What is the best price to buy after listing.

I think you can buy near 40 - 42 for some gain. If it list near 40 then you can buy at pre open or else wait for the few minutes
It's my thinking. Take your decision according to your research and analysis

40-45 ₹

SHARES HAS BEEN CREDITED TO CDSL TODAY AND NOW ITS REFLECTING ON ACCOUNT. GROWW AND DHAN
DON'T WORRY IF YOUR SHARES IS NOT SHOWING STILL.
WILL REFLECT BY MORNING

Allotted 1BHNI here after long time in mainboard....will hold half shares for long term and will sell half in short term whenever 50% profit will come....

​@SANJEEV SOOD  Congrats, this one also sure will be a multibagger in 1-2 years...
​@Rakcyt Since it even listed more than 50% profit, so i kept holding all 6440 shares as of now, luckily it has hit uc, holding all still but soon will sell around half to book some profit and get some money back for other IPOs etc and will keep holding rest for longer

​@lokes  Thanks for sharing the strategy that look an ideal one......if I look at PROTEAN then mind tells to keep long term but others like Bluejet and Ask disrupt mind for short term .

But agree with you half holding should be kept as this is long term candidate

Trading Members of the Exchange are hereby informed that effective from Wednesday, November 29, 2023, the equity shares of Indian Renewable Energy Development Agency Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities.

Name of the company: Indian Renewable Energy Development Agency Limited

Scrip ID on BOLT System: IREDA
Abbreviated Name on BOLT System: IREDA
Scrip Code: 544026

🔔 *IPO Listing* 🔔

Listing Date : *Wednesday, November 29, 2023*

*Indian Renewable Energy Development Agency Limited (IREDA)*

ISIN : *INE202E01016*
BSE : *544026*
NSE : *IREDA*
Group : *B*
IPO Price : *₹32/-*
Retail : *460 Shares*
Shni : *6440 Shares*

IREDA To Be Considered For 'Navratna' Status On Nov. 30, Says Chairman

The government is considering granting Indian Renewable Energy Development Agency Ltd. the 'Navratna' status, according to Chairman Pradip Kumar Das. The state-run non-banking financial services company was upgraded to 'Schedule A' category public sector enterprise from 'Schedule B' in September

“There is likely to be a government of India meeting on Nov. 30, where upgrading IREDA to the 'Navratna' status will be considered," Pradip Kumar Das, managing director of IREDA, told BQ Prime

Read more at: https://www.bqprime.com/business/ireda-to-be-considered-for-navratna-status-on-nov-30-says-chairman
Copyright © BQ Prime

No msg received...status is also not available in Link intime...entire amount is still blocked. Any idea?

Listing scheduled for tomorrow as per mail received