IREDA IPO| The offer a fresh comprise a fresh issue of 40.31 crore equity shares worth Rs 1,290.13 crore and an offer-for-sale of 26.87 crore shares worth Rs 860.08 crore by the government
The Indian Renewable Energy Development Agency’s IPO was subscribed 38.8 times on November 23, the final day of bidding. Investors sent bids for 1,827 crore equity shares against the offer size of 47.09 crore.
Qualified institutional buyers (QIBs) and high networth individuals (HNIs) bought 104.57 times and 24.16 times their allotted quota of shares. The public sector undertaking (PSU) has reserved 50 percent of the offer for QIBs and 15 percent for HNIs.
The remaining 35 percent of the net offer has been set aside for retail investors, who booked 7.73 times their allotted quota. Employees had bid 9.8 times for their reserved portion. The Mini-Ratna PSU has set aside 18.75 lakh shares for its employees.