Archive · 2 Jun 2025
IREDA Shares Drop as Lock-In Period Ends
Imagine IREDA is like a company that helps build solar panels and wind turbines.
Some people who owned shares in this company had to wait before they could sell them.
That waiting period has ended.
Now, a lot more shares can be bought and sold.
This change made the share price go down a bit.
Even though the price dropped recently, the shares are still worth much more than when they were first sold.
The company has also been doing well, making more money and managing more assets.
This is good news for the company despite the recent share price drop.
IREDA shares declined after a shareholder lock-in period ended.
Over 53.8 crore shares became eligible for trading.
The value of freed shares exceeded ₹9,400 crore or $1 billion.
IREDA shares have fallen 25% in 2024 but are still up over 5x from the IPO price.
The company's AUM, NII, and profitability grew significantly in the March quarter.
- Who
- Shareholders of the Indian Renewable Energy Development Agency (IREDA).
- What
- IREDA shares declined after a significant number of shares became eligible for trading.
- When
- The decline occurred on Monday, June 2, after the lock-in period ended.
- Where
- Shares are traded on the stock market.
- Why
- Shareholder lock-in period ended, allowing more shares to trade, impacting the stock price.
- Company
- Indian Renewable Energy Development Agency
- Shares Freed for Trading
- Over 53.8 crore
- Value of Freed Shares
- ₹9,400 crore / $1 billion
- Share Decline in 2024
- 25%
- IPO Price
- ₹32
- Current Price vs. IPO
- 5x
- AUM Growth (March Quarter)
- 28%
- Net Interest Income Growth (March Quarter)
- 57%