IREDA stock falls as lock-in expiry frees up nearly 54 crore shares for trading

Despite its YTD fall, IREDA shares are up 12 percent in the last three months.

Shares of Indian Renewable Energy Development Agency (IREDA) were down by over a percent to Rs 173 in morning trade on Monday, June 2, as the lock-in period for a large chunk of its equity comes to an end.

Roughly 53.8 crore shares—equivalent to 20 percent of the company’s outstanding equity—will become eligible for trading, marking the expiry of a six-month lock-in, according to Nuvama Alternative & Quantitative Research. Based on Friday’s closing price, the market value of these unlockable shares stands at over Rs 9,400 crore, or more than $1 billion.

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It’s important to note that an end to the lock-in doesn’t automatically translate into offloading of shares—it only makes them tradable.

IREDA shares have struggled in 2025, falling 19 percent year-to-date. Still, the stock has delivered stellar returns since its debut, rising more than fivefold from its IPO price of Rs 32. At its peak, the stock had surged nearly ten times, touching Rs 310 before giving up much of those gains.

On the financial front, IREDA on April 15 reported a net profit of Rs 501.55 crore for the fourth quarter of FY25. This marks a rise of nearly 49 percent from the Rs 337.39 crore net profit reported in the Q4 of FY25. The PSU company's revenue from operations, meanwhile, surged nearly 37 percent to Rs 1,905.06 crore.

IREDA has continued to show strong growth. Its assets under management rose 28 percent in the March quarter, while net interest income jumped 57 percent year-on-year. Net profit climbed 49 percent over the same period. Margins for FY25 came in at 3.27 percent, and asset quality improved sequentially compared to the December quarter.

At about 9:20 am, shares of the company were trading at Rs 174, lower by 0.66 percent from the last close on the NSE. Despite its YTD fall, IREDA shares are up 12 percent in the last three months.

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