bullish

IREDA

IREDA QIP Early Look - Strong Momentum, Although Valuations Are Eye-Popping

250 Views23 Sep 2024 10:00
IREDA (1845911D IN) is looking to raise INR45bn (US$538m) via its qualified institutional placement (QIP). The deal wouldn’t be a large one for the stock to digest at just 4.7 days of three month ADV.
What is covered in the Full Insight:
  • Introduction
  • Deal Dynamics
  • Recent Financial Performance
  • Implications of the QIP
  • Concluding Thoughts
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