91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

Indian Renewable Energy Development Agency Ltd IPO Analysis

Indian Renewable Energy Development Agency Ltd IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 2150.21 Cr. The company is based in New Delhi and caters to Power And Energy sector. Idbi Capital Market Services , Bob Capital Markets , SBI Capital Markets are the merchant bankers of Indian Renewable Energy Development Agency Ltd IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 7th September 2023.

Indian Renewable Energy Development Agency Ltd IPO posted revenues of ₹ 4640.92 crores and PAT of ₹ 1158.64 crores in FY24 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 4,639.66 Cr.
            EBITDA: ₹ 4,624.06 Cr.
            PAT: ₹ 1,158.62 Cr.
  • EBITDA Margin: 99.66 %
            Pat Margin: 24.97 %
  • Net Worth: ₹ 6580.61 Cr.
  • Market Capitalisation: ₹ 8600.85 Cr.
  • P/E: 127.00 times
  • P/BV: 0.99 times
  • EV/EBITDA: 10.40 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Indian Renewable IPO Financial Performance (Restated)

Financial results of Indian Renewable Energy Development Agency Ltd IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-23 FY23 FY22 FY21
Balance Sheet
Assets 51256.49 50446.98 36708.40 30293.39
Net Worth 6580.61 5935.16 5268.11 2995.60
Total Debt 39850.19 40165.28 27613.07 24000.00
Profit & Loss
Revenue
Revenue on annualised basis
2319.83
4,639.66
3483.04 2874.15 2657.74
EBITDA
EBITDA on annualised basis
2312.03
4,624.06
3150.79 2329.77 2031.39
PAT
PAT on annualised basis
579.31
1,158.62
864.62 633.52 346.38
Financials
30-Sep-23
FY23
FY22
FY21
Balance Sheet
Assets
51256.49
50446.98
36708.40
30293.39

Net Worth
6580.61
5935.16
5268.11
2995.60

Total Debt
39850.19
40165.28
27613.07
24000.00

Profit & Loss
Revenue
Revenue on annualised basis
2319.83
4,639.66
3483.04
2874.15
2657.74

EBITDA
EBITDA on annualised basis
2312.03
4,624.06
3150.79
2329.77
2031.39

PAT
PAT on annualised basis
579.31
1,158.62
864.62
633.52
346.38

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Indian Renewable IPO Key performance Indicators (KPI)

Indian Renewable Energy Development Agency Ltd IPO PAT Margin is 24.97 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Indian Renewable Energy Development Agency Ltd IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-23 FY23 FY22 FY21
EBITDA Margin (%) 99.66 90.46 81.06 76.43
PAT Margin (%) 24.97 24.82 22.04 13.03
EPS (₹) 2.54 3.78 8.03 4.41
ROE (%) 8.80 14.57 12.03 11.56
ROCE (%) [●] [●] [●] [●]
ROA (%) 1.13 1.71 1.73 1.14
Debt to Equity 6.06 6.77 5.24 8.01
Particulars
30-Sep-23
FY23
FY22
FY21

EBITDA Margin (%)
99.66
90.46
81.06
76.43

PAT Margin (%)
24.97
24.82
22.04
13.03

EPS (₹)
2.54
3.78
8.03
4.41

ROE (%)
8.80
14.57
12.03
11.56

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
1.13
1.71
1.73
1.14

Debt to Equity (x)  
6.06
6.77
5.24
8.01

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Indian Renewable Energy Development Agency Ltd IPO Valuation Metrics

The market Capitalisation of Indian Renewable Energy Development Agency Ltd IPO is ₹ 8600.85 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
8600.85

Enterprise Value (EV) (₹ Cr.):
48,090.81

EV/EBITDA (times) :
10.40

PE Multiple (times) :
127.00

P/B (times) :
0.99

NAV (₹) :
28.80

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Indian Renewable prospectus?

The Indian Renewable Energy Development Agency Ltd IPO prospectus highlights an Return on Equity (ROE) of 8.80 % , Return on Assets (ROA) of 1.13 %, and an EBITDA Margin of 99.66 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Indian Renewable IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Indian Renewable Energy Development Agency Ltd IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Indian Renewable IPO ?

The post-IPO market capitalisation of Indian Renewable Energy Development Agency Ltd IPO is ₹ 8600.85 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Indian Renewable IPO?

The Indian Renewable Energy Development Agency LtdIPO has a Price-to-Earnings (PE) ratio of 127.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Indian Renewable Energy Development Agency Ltd IPO?

Indian Renewable Energy Development Agency Ltd IPO reported revenue of ₹ 4640.92 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Indian Renewable Energy Development Agency Ltd IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Indian Renewable Energy Development Agency Ltd IPO?

Indian Renewable Energy Development Agency Ltd recorded an EBITDA of ₹ 4,624.06 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Indian Renewable Energy Development Agency Ltd IPO?

Indian Renewable Energy Development Agency Ltd Profit After Tax (PAT) is ₹ 1,158.62 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 4,639.66 Cr.
            EBITDA: ₹ 4,624.06 Cr.
            PAT: ₹ 1,158.62 Cr.
  • EBITDA Margin: 99.66 %
            Pat Margin: 24.97 %
  • Net Worth: ₹ 6580.61 Cr.
  • Market Capitalisation: ₹ 8600.85 Cr.
  • P/E: 127.00 times
  • P/BV: 0.99 times
  • EV/EBITDA: 10.40 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Indian Renewable Energy Development Agency Ltd operates in Power And Energy and Devloping Renewable Energy Projects. The Issue is listed on BSE,NSE in Nov, 2023. Indian Renewable Energy Development Agency Ltd IPO size was 2150.21 with Issue price of 32.00 .

Merchant Banker(s) of Indian Renewable Energy Development Agency Ltd IPO: Idbi Capital Market Services Limited , Bob Capital Markets Limited , SBI Capital Markets Limited

Indian Renewable Energy Development Agency Ltd IPO subscription was 38.80 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Indian Renewable Energy Development Agency Ltd IPO listed at a listing price of 59.99 against the offer price of 32.00.

The current market price of Indian Renewable Energy Development Agency Ltd is 170.39.

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