November 21, 2023 - November 23, 2023

IREDA IPO Review & Recommendations

Ajcon Global Services Ltd, BP Equities (BP Wealth), Choice Equity Broking Pvt Ltd, cholamandalam securities limited, DALAL & BROACHA STOCK BROKING PVT, Dilip Davda, HENSEX Securities, Indsec Securities, Motilal Oswal, Nirmal Bang, Reliance Securities, SMIFS Limited, Stoxbox by BP Equities Pvt Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to IREDA IPO. Capital Market has given "May Apply" recommendation to IREDA IPO. Ashika Research, SBICAP Securities Limited, Sushil Finance Ltd and Systematix Shares and Stocks (India) Limited have "Not Rated" the IPO.

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 Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Ajcon Global Services Ltd	Apply
Ashika Research	Not Rated
BP Equities (BP Wealth)	Apply
Capital Market	May Apply
Choice Equity Broking Pvt Ltd	Apply
cholamandalam securities limited	Apply
DALAL & BROACHA STOCK BROKING PVT	Apply
Dilip Davda	Apply
HENSEX Securities	Apply
Indsec Securities	Apply
Motilal Oswal	Apply
Nirmal Bang	Apply
Reliance Securities	Apply
SBICAP Securities Limited	Not Rated
SMIFS Limited	Apply
Stoxbox by BP Equities Pvt Ltd	Apply
Sushil Finance Ltd	Not Rated
Swastika Investmart Ltd	Apply
Systematix Shares and Stocks (India) Limited	Not Rated
Ventura Securities Limited	Apply

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 Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Indian Renewable Energy Development Agency Limited	3.78	3.78	25.98		15.44
REC Limited	42.28	42.28	220.72	5.81	20.41
Power Finance Corporation	60.19	60.19	424.16	4.52	20.34

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.

Post Recommendation Manage Your IPO Reviews

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

Member	Review
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
arunARUN IPO Guru (2000+ Posts, 1700+ Likes)	Avoid It is better to buy REC Ltd given its price book and price earning ratio. Nothing left on table 1 November 14, 2023 8:00:41 PM
B.M.SURANA IPO Guru (2700+ Posts, 5300+ Likes)	May Apply for Long Term at Upper Price Band PE 7.5 Reasonable 1 November 19, 2023 1:25:07 PM
DAgrawal	Apply for Long Term at Cut-off Price Good PSU November 23, 2023 10:17:21 AM
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
IPO LEADER 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
JSK✨ 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. 1 November 15, 2023 12:41:09 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
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
Vicksa	May Apply for Listing Gain at Cut-off Price some listing gains possible November 21, 2023 2:54:55 PM

Post Recommendation Manage Recommendations

Note:

The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
We reserve the right to remove any objectionable post without providing a reason.