Government Financial Services Company Indian Renewable Energy Development Agency (Ireda) Limited declines on June 2. In early trade, shares have fallen by 1 percent to Rs 172.95 on BSE. The lock-in period of six months and above is ending for Ireda shareholders. According to Nuwama Alternative and Quantitative Research, 53.8 crore shares of the company will be free for trading on Monday.
These shares are equal to the company’s 20% stake. The value of shares free for trade on Friday, 30 May Closing Price is ₹ 9,400 crore or $ 1 billion. Keep in mind that the end of shareholder lock-in does not mean that all the characters will be sold in the open market. These shares will only be eligible to be traded. Ireda’s IPO came in November 2023 and the shares were listed on 29 November 2023 on BSE, NSE. The IPO was filled 38.8 times.
So far in the year 2025 Ireda Share underperformer
In 2025, Ireda’s shares have been underperformers and have fallen by 21% so far during the year. Despite this, the stock is more than 5 times above its IPO price ₹ 32 per share. The stock has so far seen a record high of Rs 310 on BSE. The stock is 43 percent below this high. On Friday, May 30, Ireda’s stock closed at Rs 174.70.
Profit increased by 49 percent in March quarter
In the January-March 2025 quarter, Ireda recorded a net profit of Rs 501.55 crore. This indicates an increase of about 49 percent from a net profit of Rs 337.39 crore recorded in the fourth quarter of the last financial year. Revenue from the company’s operations increased by about 37 percent to Rs 1,905.06 crore. Ireda’s assets under management (AUM) increased by about 28% during the March quarter compared to the same quarter of the previous year.
Stocks to watch: Keep these shares on these shares including Niva Bupa, Nykaa, VIL on 2 June today, big ups and downs can be seen
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