Despite solid listing gains, analysts are quite bullish on the stock from a long-term perspective. With India s ambitious renewable energy goals, they believe IREDA is well positioned to benefit from the opportunities in this space.
"Till 2030, we envisage another 320 gigawatt of capacity addition in the renewable itself will be there. This will require around Rs 30-32 lakh crores of investment in the country. If you take 75-25 debt equity, it means roughly Rs 24 lakh crore of investment from the debt market is required. If you take 50-50 debt from NBFCs and others, around Rs 12 lakh crore will be needed from the NBFC space in which IREDA, REC, PFC are going to play a very major role."
IREDA IPO | This would be first government company listing after Life Insurance Corporation of India in May 2022, while it would also be the first amongst the five IPOs closed last week