Overview
- In Q1 FY2026, IREDA sanctioned ₹11,740 crore in new loans and disbursed ₹6,981 crore, driving a 27% expansion of its ₹79,960 crore loan book.
- The board set a ₹173.83 floor price per share for a ₹5,000 crore Qualified Institutional Placement, allowing up to a 5% discount to institutional investors.
- Life Insurance Corporation of India committed to take half of the QIP, reinforcing the government-backed lender’s support for clean energy finance.
- Shares rose over 2% on July 1 following the business update, though the stock remains down about 21% year-to-date and 13% over the past 12 months.
- Analysts are split between buy and sell recommendations, with the average 12-month price target pointing to an around 12% downside.