IREDA's Rs 2,150 Crore IPO Witnesses Strong Demand, Subscribed 5.49 Times on Last Day of Bidding

23 Nov 2023 , 11:25 AM

On the final day of bidding, the Rs 2,150-crore initial public offering (IPO) of the Indian Renewable Energy Development Agency (IREDA) garnered a robust subscription rate of 6.01 times. Investors submitted bids for 2,83,20,13,460 equity shares against the offer size of 47.09 crore shares. Click here to subscribe the IPO.

Participation was widespread from the outset of the public issue, with high-net-worth individuals subscribing at an impressive 11.70 times their allotted quota, while retail investors exhibited substantial interest, subscribing 5.46 times.

The portion designated for qualified institutional buyers saw a subscription rate of 2.71 times, and the section reserved for employees was subscribed 6.48 times at 11.27 AM as per BSE data.