Krishna Vikram IPO Review

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IPO Reviews by Krishna Vikram

IPO	Review
Indian Renewable Energy Development Agency Ltd IPO	Apply 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

IPO

Review

Indian Renewable Energy Development Agency Ltd IPO

Apply

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

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