IREDA IPO day 2: Issue subscribed over 4 times, so far; NIIs, retail investors lead bidding process

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₹30 to ₹32 per equity share of face value of ₹10. IREDA IPO lot size is 460 equity shares and in multiples of 460 equity shares thereafter. With non-institutional investors (NIIS) leading the way and retail investors following, the IREDA IPO maintained strong momentum from the first day of subscriptions on day 2.

IREDA IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. On day 2, IREDA IPO's retail investors portion was subscribed 3.99 times, NII portion was subscribed 6.67 times, and Qualified Institutional Buyers (QIB) portion is booked 2.25 times. Employee portion has been subscribed 4.57 times.

Also Read: IREDA IPO subscribed 2.29 times on day two: From GMP to brokerage views, here's all you need to know IREDA IPO has received bids for 1,91,66,04,720 shares against 47,09,21,451 shares on offer, at 16:12 IST, according to data from the BSE. Indian Renewable Energy Development Agency IPO retail investors' portion received bids for 93,59,07,720 shares against 23,45,23,015 shares on offer for this segment. Indian Renewable Energy IPO's non-institutional investors' portion received bids for 67,00,86,140 shares against 10,05,09,864 on offer for this segment.

Indian Renewable Energy Development Agency IPO's Qualified Institutional Buyers (QIBs) portion received bids for 30,20,32,780 shares against 13,40,13,152 shares on offer for this segment. Indian Renewable Energy IPO's employee portion received bids for 85,78,080 shares against 18,75,420 shares on offer for this segment. Also Read: IREDA IPO receives stellar response on day 1.