Are you looking for the latest information on the IREDA IPO? We have all the details you need to make an informed decision about investing in this upcoming Initial Public Offering. We'll review the IREDA IPO, provide the date and price band details, discuss the market lot, and explain the allotment and listing dates. Finally, we'll provide the IPO form you'll need to apply. Get ready to make a smart investment with our comprehensive guide to the IREDA IPO.

IREDA IPO Review (Apply or Not)

The Indian Renewable Energy Development Agency (IREDA) is set to launch its Initial Public Offering (IPO) on November 21 and will close on November 23. This is a much anticipated IPO, as IREDA has been a major player in India’s renewable energy market. It offers investors an opportunity to invest in a company that is committed to promoting cleaner energy sources.

But before you decide to invest in the IREDA IPO, it's important for you to evaluate the risks and rewards associated with such an investment. Investors should consider the financials of IREDA, its management team, competitive landscape, and any other factors that could affect its performance.

In terms of finances, IREDA has a strong balance sheet with total assets of Rs 5642 crores as of September 2020. The company also reported profits of Rs 288 crores for the year ending March 2020. These are good indicators that IREDA is well-positioned financially to undertake its IPO. Additionally, it's worth noting that the company has received strong institutional support from entities such as IFCI Ventures Ltd., LIC Mutual Fund Asset Management Company Ltd., SBI Capital Markets Ltd., LIC Housing Finance Ltd., and SREI Infrastructure Finance Ltd., among others. This indicates there are institutions which have confidence in the long-term prospects of IREDA’s growth trajectory going forward.

It's also important to consider the management team at IREDA when evaluating whether or not this IPO is worth investing in. The current managing director and CEO of IREDA is Mr Pradeep Kumar Sinha who has held this position since 2015. Mr Sinha brings over 25 years of experience within domestic and international banking, finance & accounts, business planning & development, project management & operations etc. With his extensive background in these areas coupled with his leadership skills at managing large teams across multiple sectors make him ideal for managing a company like IREDA through this IPO process and beyond into future growth opportunities for investors who commit capital into this offering now.

Finally, investors need to take a look at how competitive the renewable energy sector currently is globally and domestically in India when deciding whether or not they should take part in this IPO by applying for shares during the offer period . Within India there are some big players such as ReNew Power Ventures Pvt Ltd that are making waves due to their focus on solar power plant projects while abroad there are companies such as SunPower Corporation which are leading innovators within this space too. All these factors need consideration before committing your hard earned money into an investment such as this one so make sure to do your due diligence thoroughly before deciding whether or not you should apply for shares during the offer period or not .

Brokerage Firm IPO Review

The Indian Renewable Energy Development Agency (IREDA) is looking to raise ₹2150 crores through its Initial Public Offering (IPO). The IPO is set to hit the market on November 21 and will close on November 23. This public offering represents a great opportunity for investors as it offers them exposure to the fast-growing renewable energy sector in India.

Various brokerage firms have come out with their reviews of IREDA's IPO, providing an insight into how the markets perceive this offering. Most analysts believe that IREDA's IPO has a good chance of success due to its strong fundamentals and long track record of successful projects. They are also confident that the company has enough financial muscle to service its debt obligations and remain profitable in the long run.

Analysts at Motilal Oswal have given a 'Subscribe' rating to IREDA's IPO citing its consistent growth over the past few years, low level of leverage, and access to cheap capital through government funding as some of the factors driving its growth prospects. They are also positive about the fact that there is no major competition in India when it comes to financing renewable energy projects.

Angel Broking has given a 'Buy' rating for IREDA's IPO based on reasons such as robust credit ratings from several agencies, high visibility of assets which would attract more investors, and attractive valuations when compared with other NBFCs operating in similar space.

Kotak Securities believes that IREDA's IPO is likely to be well received by investors due to factors like higher return on equity ratio than peers, lower cost of capital due to government support, and strong financial performance in recent years. They have given it an 'Accumulate' rating considering these points.

Overall, most brokerage firms are bullish about IREDA's public offering and expect it to do well at offer price levels if listing gains materialize within reasonable time frames. Investors should keep an eye out for any developments related to this issue before making any decision regarding investments in this upcoming issue.

IREDA IPO Date & Price Band Details

The IREDA IPO date has been fixed and the issue will hit the market on November 21 and close on November 23. The price band for the IPO has been set at ₹56-60 per share. This is a discount of about 8.7% to IREDA’s closing price of ₹63.45 as on November 18, 2020. Investors can bid for a minimum of 20 shares and in multiples of 10 thereafter. This means that the subscription amount should be equal to or greater than Rs 1,120 (20 x 56).

The offer consists of fresh issue of up to ₹1,290 crore and an offer for sale by Ministry of New & Renewable Energy & Power Grid Corporation of India Limited in the ratio 50:50 respectively. The retail quota is 35%, QIB is 50%, and HNI is 15%. Retail investors can apply maximum up to Rs 2 lakh in this public issue while QIBs have no such limit. All eligible applicants can apply for up to 45% discount from the offer price, i.e., Rs 27 per share (45%*60). The stock exchanges have decided that any bids below this floor price will not be accepted under any circumstances.

The allotment process will take place after three working days from the closure date i.e., November 26, 2020. Allotment shall happen on a first-come-first-serve basis subject to valid bids being received at or above Offer Price within each category during the bidding period unless specified otherwise by SEBI/stock exchanges before commencement of bidding period in respect thereof, subject to valid bids being received at or above Offer Price within each category during the Bidding Period unless specified otherwise by SEBI/Stock Exchange before commencement of Bidding Period in respect thereof; provided however that if Stock Exchanges decide not to make allotment based on eligibility criteria prescribed under SEBI ICDR Regulations then such allotments shall not be made hereunder within three Working Days from Closure Date . Any unallotted shares shall be refunded through ASBA facility as soon as practicable but no later than 13 days from Closing Date as per SEBI guidelines

IREDA IPO Market Lot

The IREDA IPO Market Lot is the minimum number of shares an investor can buy in the issue. The market lot size for this issue has been set at 20 Equity Shares, with a minimum subscription amount of Rs 1,120 (20 x 56). Investors must bid for at least the prescribed market lot in order to be eligible for allotment. Any additional bids must be made in multiples of 20 equity shares thereafter. For instance, an investor wishing to apply for 40 equity shares will have to bid for two lots as the market lot is fixed at 20 equity shares per lot.

The trading and settlement cycle applicable to the IREDA IPO will be T+2 or ‘trade’ day plus two days meaning that all trades done on any trade day shall be settled by second working day after that trade day. This period includes both days on which trading takes place and also those days when there is no trading activity due to holidays etc. As such, investors should take into account not just the closing date but also other factors like bank holidays, clearance time etc while making their applications so as to ensure timely payment and receipt of refund (if needed).

It is important to note that investors should consider their risk appetite while deciding how much money they would want to invest in this public offering as investments are subject to market risks. It would also help if investors keep themselves updated with all latest news & developments related to this issue before taking any decision regarding applying for it. They should also read through the offer documents before investing as it contains important information related to Post-Offer obligations along with other details which may prove useful while taking investment decisions

IREDA IPO Allotment & Listing Dates

The allotment and listing dates of the IREDA IPO are expected to be announced shortly after the close of subscription. The allotment process is likely to take place within three working days from the closure date, i.e., November 26, 2020. Unallotted shares shall be refunded through ASBA facility no later than 13 days from Closing Date as per SEBI guidelines.

Once the allotment is completed, IREDA will list its equity shares on both NSE and BSE exchanges. The exact listing date for this issue would depend upon various factors such as when the company receives all necessary regulatory approvals from SEBI and other agencies involved in the IPO process. Investors should keep an eye out for any developments related to this issue before making any decision regarding investments in this upcoming issue.

In addition, investors must also be aware that there may be a gap between the closing of subscription and listing date due to various reasons like delayed regulatory approvals etc., Therefore it is advised that investors keep track of all official announcements made by IREDA with regard to their IPO allotment and listing dates. This will help them make better decisions related to their investments in this upcoming public offering.

IREDA IPO Form

The IREDA IPO Form is the document that investors must fill out in order to participate in the public offering. The form includes details such as name of the investor, PAN number, bank account details, and other personal information. It also requires investors to indicate their choice of category (e.g., retail investor, QIBs, HNIs) and payment mode (e.g., NEFT/RTGS or ASBA). The form also asks investors to provide their demat account details if they wish to receive allotment of shares electronically. Investors should take time to carefully read through the form before filling it out in order to avoid mistakes and ensure that all information provided is accurate.

It is important for investors to note that any false or misleading information will result in rejection of their application and forfeiture of subscription money. Furthermore, if an investor fails to submit the documents required by IREDA for verification within stipulated time frames, then their application may be rejected without any prior notice. The forms are available online on various stockbroking websites as well as on IREDA's official website. Investors can also submit a physical copy of the form at designated offices across India along with all required documents before November 23rd 2020 – which is the deadline for submitting applications for this IPO issue.

Investors should take adequate precautions while submitting their application forms such as avoiding errors while filling up mandatory fields or providing incorrect information about bank account details etc., as these could delay or even lead to rejection of their application. In addition, they should keep track of all announcements made by IREDA with regard to this issue including price band updates and other changes in terms & conditions so that they can make informed decisions regarding investing in this issue.

IREDA Company Financial Report

The Indian Renewable Energy Development Agency (IREDA) is a public sector enterprise under the Ministry of New and Renewable Energy, Government of India. The company was established in 1987 with the aim to promote and finance renewable energy projects in India. IREDA is a Non-Banking Financial Company (NBFC).

In 2017-18, IREDA had total assets worth Rs. 57,785 crore and revenue of Rs. 6,519 crore. The company operates mainly through its renewable energy financing business with other activities such as consulting services being minor contributors to revenue generation. For 2018-19, IREDA reported total income of Rs 7688 crore and net profit after tax at Rs 545 crore, an increase of 17% over previous year’s figures.

IREDA has been profitable for the last five years and has a return on equity average of 10%. Its credit rating stands at AA+ from ICRA and A1+ from CRISIL which are among the highest ratings given to NBFCs in India. As per the draft prospectus filed by IREDA for its IPO filing, it had total net worth (including revaluation reserves) of Rs 778 crore as on March 31st 2019.

The proposed IPO seeks to raise around ₹2150 crores for the company which will be used primarily for refinancing existing debt obligations which currently stand at ₹3190 Crore as on October 31st 2020. This will go a long way in improving the financial health of IREDA by reducing its debt burden significantly while also providing an opportunity to raise capital for new project expansion plans that are expected in 2021-22 fiscal year.

IREDA IPO Valuation – FY2023

The Indian Renewable Energy Development Agency (IREDA) is set to launch its initial public offering (IPO) on November 21, 2021. The IPO is expected to raise ₹2150 crores via a fresh issue of ₹1290 and offer for sale up to 268,776,471 Shares of ₹10 each. With 35% reserved for the retail quota, 50% reserved for the qualified institutional buyers (QIBs), and 15% reserved for high net worth individuals (HNIs), this IPO offers a unique opportunity for investors to take part in IREDA’s growth story.

Before investing in any company, it is important that one understand the valuation of the company. IREDA’s financials from FY2019-2023 are as follows:

Revenue: In FY2019-2020, IREDA reported revenue of Rs 4106 crore with an increase of about 5.3%. This increased further to Rs 4611 crore in FY2020-2021 and is expected to reach Rs 6169 crore by FY2023-2024 at a CAGR of 10%.

Profitability: In terms of profitability, IREDA has been recording positive profits since 2017-2018 and has shown robust growth over the last few years. It posted a profit after tax (PAT) margin of 14.4% in FY2019-2020 which improved further to 15.9% in FY2020-2021 indicating strong operational efficiency and cost management. This trend is likely to continue going forward and will reach 17% by FY2023-2024.

Return on Equity & Capital Adequacy Ratio: IREDA’s return on equity (ROE) has been increasing steadily since 2017-2018 from 9.1% to 16.2% in 2020-2021 while its capital adequacy ratio stood at 27%. The company's balance sheet also remains healthy with total assets worth around Rs 41000 crore as compared to total liabilities worth around Rs 29000 crore as per their latest audited financial statements which implies that there are no major debt obligations or contingent liabilities that may hinder its future growth prospects or cause any solvency issues in future years.

Valuation Multiples: As per market estimates, based on industry average P/E multiples along with recent transactions data; the estimated share price band for IREDA IPO could be anywhere between Rs 64 - 68 per share which implies a post listing market cap value ranging between Rs 24100 - 25500 crore respectively based on 360 million outstanding shares post IPO allotment round closure.

Overall, it can be concluded that IREDA is well placed financially with robust revenue projections along with steady improvement in profitability margins and return ratios making it an attractive option for investors looking at taking exposure into renewable energy sector via primary markets route during this financial year 2021/22

Peer Group

The peer group for IREDA’s IPO consists of other Financial Services firms listed on the Indian stock exchanges, such as LIC Housing Finance Limited (LICHFL), HDFC Bank Ltd (HDFCBANK), Canara Bank (CANBK) and Indiabulls Housing Finance Ltd. (IBULHSGFIN).

LICHFL is India’s largest housing finance company. Its revenue grew from Rs 70,601 crore in FY2019-2020 to Rs 82,360 crore in FY2020-2021 with a PAT margin of 1.9% and ROE of 10.2%. The company has a market capitalization of Rs 53950 crore as on 11th November 2021 and offers its shareholders an EPS of Rs 9.19 per share based on its CMP of Rs 435.

HDFCBANK is one of India’s leading private sector banks with a large customer base across the country. Its revenue grew from Rs 103,489 crore in FY2019-2020 to Rs 1,15,631 crore in FY2020-2021 with a PAT margin of 30% and ROE of 13%. The bank has a market capitalization of Rs 528881 crore as on 11th November 2021 and offers its shareholders an EPS of Rs 60.09 per share based on its CMP of 865.

CANBK is one India’s largest public sector banks with presence across the country through various branches and ATMs. Its revenue grew from Rs 28608 crore in FY2019-2020 to Rs 33385 crore in FY2020-2021 with a PAT margin of 2% and ROE 4%. The bank has a market capitalization of Rs 35218 crores as on 11th November 2021 and offers its shareholders an EPS of RS 17 per share based on its CMP of 209.

IBULHSGFIN is India’s second largest private housing finance company specializing in home loans, loan against property & business loans for SMEs/MSMEs etc., Its revenue grew by 83% from Rs 16641 crores in 2018-19 to 29948 crores in 2020-21 with a PAT Margin 8% & ROE 27%. The company has a market capitalization Of Rs 39464 Crore as On 11th Nov 2021 And offers its Shareholders An EPS Of RS 7 Per Share Based On Its CMP Of 560 .

Overall, these peers provide useful insights into IREDA’s position within the financial services industry before it launches it IPO next month. These peers indicate that IREDA will have strong fundamentals when it launches it IPO which could lead investors to consider investing long term into this issue despite current volatility within the markets due to Covid-19 pandemic uncertainties worldwide

Company Promoters

The company promoters of IREDA are the Government of India and the Ministry of New and Renewable Energy (MNRE). The Government of India holds a majority share in IREDA with 75.80% while the MNRE holds 24.20%. This is in line with the Indian government’s commitment to increase renewable energy use throughout the country, especially considering that it has an ambitious target to reach 175 GW of renewable energy by 2022, as set out in its Paris Agreement commitments.

Under the Government of India’s National Solar Mission, solar power generation capacity has increased from 2.5 GW in 2014 to over 37 GW as of 2020. This has been accompanied by significant foreign investment into India’s solar sector, including a $1 billion investment from SoftBank into SB Energy Pvt Ltd which aims to develop 20GW of solar projects across India by 2025.

IREDA is a key player in this endeavour as it provides financial assistance for renewable energy projects around the country through various loan schemes such as refinancing loans, venture capital assistance loans and concessional credit lines. It also works on research and development projects related to renewable energy sources such as wind and solar power. In addition, it acts as an aggregator for large scale purchases of electricity generated through renewables sources like wind farms or solar parks.

Investing in IREDA therefore provides investors with access to a company that is actively involved in pushing forward India’s clean energy goals while providing them with returns from a steady business model backed by strong government support.

IREDA IPO Registrar

The IREDA IPO Registrar is Karvy Fintech Private Limited. Karvy Fintech Private Limited is a SEBI registered registrar and transfer agent, which facilitates the processing of IPO applications, as well as the monitoring of settlements and allotments post-issue. It has a track record of successfully handling many public issues in India across various sectors, including banking, finance, insurance and technology. The company's services include verifying documentations for investors from both retail and institutional backgrounds; providing timely updates on application status; providing assistance to investors related to application forms, allotment letters and refunds; offering aftermarket support such as share transfers; providing investor grievance redressal services; and acting as an interface between the issuer (IREDA) and its shareholders.

Karvy also provides a wide range of value-added services such as KYC registration with exchanges and depositories, demat account opening assistance to clients, mobile app based trading platform for investors with portfolio tracking features etc. As per its website, Karvy’s clientele includes over 1 million active customers who are serviced through its network of over 500 branches spread across India. All these facilities help make IREDA’s IPO process more investor friendly by simplifying procedures for all stakeholders involved in the issue.

IREDA IPO Allotment Status Check

The IREDA IPO allotment status is an important factor for investors to consider before investing in the company’s public offering. Allotment of shares refers to the process by which the issuer, i.e., IREDA, allocates and distributes shares among its investors. After applying for the IPO, investors can check their allotment status online and keep track of their application progress.

Investors can check the IREDA IPO allotment status on various websites such as Karvy Fintech Private Limited (the registrar) or BSE India website (the stock exchange). Investors are required to enter their PAN or application details such as DP Client ID, Client ID, and Folio Number or even just their name to get access to information about their share allotment. Once the allotment is finalized by the registrar, they will be able to find out if their shares have been allotted or not.

To further simplify this process for investors, IREDA has also provided a mobile app that allows users to check their IPO application status in real-time, receive updates on current issues and past performances of companies listed on stock exchanges in India, get market news related updates from BSE & NSE sources, and view various key financial ratios of listed companies. The app also offers portfolio tracking features that enable investors to keep track of all investments made in IPOs with just one click. This makes it easier for them to track any changes in share prices and dividend payments over time.

In case your application was rejected due to insufficient funds or other reasons stated at the time of submission of your application form then you may contact Karvy Fintech Private Limited who will help you resolve any issues related to it. Additionally they will provide assistance with refund processing if applicable.

It is important for all potential investors looking into IREDA’s public offering that they understand how this process works so that they can better monitor their investment progress going forward. Keeping updated with your IPO allotment status is essential as it helps you make informed decisions about your investments quickly and efficiently without having to wait too long for results from third parties such as brokers or registrars involved in this process.

IREDA IPO Lead Managers aka Merchant Bankers

The IREDA IPO is managed by a consortium of four merchant bankers, namely SBI Capital Markets Limited, Axis Capital Limited, Edelweiss Financial Services Limited and ICICI Securities Limited. These lead managers are responsible for all the activities associated with the primary market offerings such as pricing, allotment and listing of the shares on the stock exchange.

SBI Capital Markets Limited is a leading Indian investment banking company and one of the largest domestic financial service provider in India. It facilitates capital raising through public & private placements, mergers & acquisitions advisory services to corporates and financial institutions globally.

Axis Capital Ltd is a leading investment banking firm in India offering comprehensive financial solutions to its clients. It offers end-to-end services ranging from equity syndication services to risk management solutions. It has been actively involved in some major IPOs such as Reliance Industries Rights Issue etc.

Edelweiss Financial Services Ltd is another prominent Merchant Banker involved in IREDA IPO that provides a bouquet of financial products and services like Equity Broking, Wealth Management Services etc., across various asset classes such as Equities, Debt, Derivatives, Currency Futures and Commodities etc.,

Last but not least is ICICI Securities Ltd which plays an important role in managing this issue for IREDA Ltd. This company has been rated as one of the top 5 Investment banks by Crisil Research since 2008. Its portfolio includes many large scale IPOs such as NSE’s IPO wherein they were appointed Lead Manager for Retail Portion of NSE’s Offer For Sale (OFS).

These four lead managers have done their due diligence process including market research for setting up price band and other related activities for successful completion of IREDA IPO process. They will also be responsible for overseeing the allotment process after closure of bidding period on November 23rd 2020

Company Address

The Indian Renewable Energy Development Agency (IREDA) is a public-sector enterprise which was established in 1987 with a mandate to promote, develop and extend financial assistance for renewable energy and energy efficiency/conservation projects in India. IREDA is an administrative body under the Ministry of New and Renewable Energy, Government of India. The headquarters of IREDA are located at New Delhi.

IREDA has played a major role in the development of renewable energy sources in India by providing term loans and other forms of financial assistance to various entities from different sectors like solar, wind, biomass, small hydropower etc. It also provides financing for various projects related to energy efficiency and conservation as well as non-conventional energy sources like geothermal power generation.

In order to meet its growing needs for funds for furthering its activities, IREDA has proposed an Initial Public Offering (IPO). The IPO is expected to hit the market on November 21st 2020 and will close on November 23rd 2020. Through this IPO, IREDA aims to raise around ₹2150 crores via fresh issue of ₹1290 crore and offer for sale up to 268,776,471 shares of ₹10 each. The retail quota is fixed at 35%, Qualified Institutional Buyers (QIBs) quota is set at 50% while HNI's have been allocated 15%.

IREDA IPO FAQs

1. What is the IREDA IPO?

The IREDA IPO is an initial public offering of the Indian Renewable Energy Development Agency (IREDA). The IREDA is a public-sector enterprise established in 1987 with a mandate to promote and develop renewable energy and energy efficiency/conservation projects in India. The IPOs purpose is to raise funds for the company's growing needs.

2. What are the details of the IREDA IPO?

The IREDA IPO will hit the market on November 21st 2020 and will close on November 23rd 2020. It aims to raise around ₹2150 crores via fresh issue of ₹1290 crore and offer for sale up to 268,776,471 shares of ₹10 each. The retail quota has been set at 35%, QIBs have been allocated 50%, while HNIs have been allocated 15%.

3. Who can apply for the IREDA IPO?

All investors who meet certain criteria may apply for the IREDA IPO including individuals, corporates, HNIs, NRIs, partnership firms and others who are eligible as per SEBI guidelines. Investors should note that they must fulfill KYC norms before they can invest in any public issues such as this one.

4. How can I apply for the IREDA IPO?

You can apply through various online platforms or through a registered stockbroker or broker who is registered with SEBI or any other recognized stock exchange in India such as BSE or NSE. You may also visit your nearest bank branch to make an application offline if you do not have access to online platforms or brokers registered with stock exchanges in India such as BSE or NSE.

5. What documents do I need to submit along with my application form?

Applicants must submit their PAN card number along with their application form when applying for this issue either online or offline through a broker or bank branch respectively. Additionally, applicants must also attach copies of Aadhaar Card/Passport/Voter ID Card/Driving License etc., depending upon their mode of investment i.e., physical or demat form and also provide two passport size photographs along with Form A2 duly filled up by them (as applicable).

Leave a Reply Cancel reply

When investing in an IPO, it is important to conduct thorough research and weigh up the risks and potential rewards carefully. IREDA’s IPO presents an opportunity for investors to invest in renewable energy projects across India, all while getting a return on their investments. However, like any other investment, there are certain factors that need to be taken into consideration before investing in the IPO.

First of all, it is important to understand the company’s financials and performance over the past few years in order to get a better sense of its prospects going forward. Investors should also consider IREDA’s management team and its ability to execute its plans. Additionally, investors should take into account the sectoral risk associated with renewable energy projects as well as the macroeconomic environment and government regulations that may affect its future performance.

Furthermore, investors should also check out IREDA's peer companies such as ReNew Power Ventures Private Limited (RPVPL), Tata Power Solar Systems Limited (TPSSL) and others in order to compare their performances against each other before taking a decision on whether or not they want to invest in IREDA’s IPO. Finally, it is important for investors to look at their own personal financial objectives when deciding on whether or not they want to invest in an IPO such as this one.

Investors should make sure that they have done their due diligence before making any decisions regarding their investments in this IPO. It is recommended that investors consult with experienced stock brokers or financial advisors who can provide additional guidance on how best to approach this particular investment opportunity.