Indian Renewable Energy Development Agency IPO subscribed 39 times on Final Day

The Initial Public Offering of Indian Renewable Energy Development Agency Limited was subscribed 38.80 times on the final day of bidding with QIB leading from the front.

The issue received bids of 18,27,25,26,640 shares against the offered 47,09,21,451 equity shares, at a price band of ₹30-32, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 104.57 times, Non-Institutional Investors Portion subscribed 24.16 times, whereas Employee Portion was subscribed 9.80 times and Retail Portion was subscribed 7.73 times.

IDBI Capital Markets & Securities Limited, BOB Capital Markets Limited, and SBI Capital Markets Limited are the book-running lead managers.

Source : Equity Bulls

Keywords

IREDA IPO FundRaising Subscription QIB Retail NonInstitutionalInvestors