November 21, 2023 - November 23, 2023

IREDA IPO Subscription Details

IREDA IPO Subscription Status Live

IREDA IPO subscribed 38.80 times. The public issue subscribed 7.73 times in the retail category, 104.57 times in QIB, and 24.16 times in the NII category by November 23, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	104.57	134,013,152	14,01,35,36,140	44,843.32
Non-Institutional Buyers	24.16	100,509,864	2,42,82,84,340	7,770.51
bNII (bids above ₹10L)	26.99	67,006,576	1,80,83,17,500	5,786.62
sNII (bids below ₹10L)	18.50	33,503,288	61,99,66,840	1,983.89
Retail Investors	7.73	234,523,015	1,81,22,83,160	5,799.31
Employees	9.80	1,875,420	1,83,70,560	58.79
Others	[.]	0	0	0
Total	38.80	470,921,451	18,27,24,74,200	58,471.92

Total Application : 2,858,909 (5.61 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

IREDA IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 November 21, 2023	1.34	2.74	2.02	2.13	1.98
Day 2 November 22, 2023	2.69	7.76	4.32	5.01	4.59
Day 3 November 23, 2023	104.57	24.16	7.73	9.80	38.80

IREDA IPO Shares Offered

IREDA IPO is a public issue of 671,941,177 equity shares. The issue offers 234,523,015 shares to retail investors, 134,013,152 shares to qualified institutional buyers, and 100,509,864 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	201,019,726	643.26	29.92%
QIB	134,013,152	428.84	19.94%
NII	100,509,864	321.63	14.96%
bNII (bids above ₹10L)	67,006,576	214.42	9.97%
sNII (bids below ₹10L)	33,503,288	107.21	4.99%
Retail	234,523,015	750.47	34.90%
Employee	1,875,420	6.00	0.28%
Total	671,941,177	2,150.21	100%

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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IREDA IPO Subscription FAQs

The IREDA IPO is subscribed 38.80 by November 23, 2023.