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Source- moneycontrol
India Renewable Energy Development Agency (IREDA) makes a robust market debut, opening at Rs 50, a 56.25% premium to the issue price of Rs 32 on both NSE and BSE
Source- moneycontrol
Prior to listing, IREDA's stock traded at a 37% premium in the grey market, indicating strong investor interest and anticipation
Source- moneycontrol
IREDA raised Rs 2,150.21 crore through its IPO, featuring a fresh issue of 40.31 crore shares and an offer-for-sale (OFS) of 26.87 crore shares
Source- moneycontrol
The company boasts a remarkable 58% CAGR growth in net profit from FY21-23 and a 21.7% increase in total revenue to Rs 3,481.9 crore in FY23
Source- moneycontrol
IREDA, a wholly owned government enterprise, operates under the Ministry of New and Renewable Energy, emphasizing its strategic role in promoting renewable energy projects
Source- moneycontrol
As a Mini Ratna (Category - I) government enterprise, IREDA provides financial products and services across the renewable energy project lifecycle, contributing to the sector's growth and sustainability
Source- moneycontrol