IREDA is a financial institution with 36 years of experience in financing renewable energy and energy efficiency projects. As of September 30, 2023, it had a diverse portfolio of Term Loans Outstanding totaling Rs. 47514.48 crores. In the last three fiscal years, its total income and net profit have shown steady growth, reaching Rs. 3483.04 crores and Rs. 864.63 crores, respectively, in FY23. For the first half of FY24, it recorded a net profit of Rs. 579.32 crores on a total income of Rs. 2320.46 crores. With an average EPS of 5.30 and RoNW of 14.91%, it has maintained profitability. The IPO is priced at a P/BV of 1.11 based on its NAV of Rs. 28.80 as of September 30, 2023. Considering its strong financials and growth potential in the renewable energy sector, long-term investment in this PSU may be worthwhile.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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