IREDA's Rs 2,150-crore issue subscribed 38.8 times

Mumbai: The ₹2,150-crore initial public offering of the Indian Renewable Energy Development Agency (IREDA) was subscribed 38.8 times on Thursday - the last day of the issue - led by strong demand from all investor categories. The highest bids came from the QIB category, which was subscribed nearly 105 times. The non-institutional investor (NII) category was subscribed 24 times, while the retail investor category was subscribed 7.7 times.

Three out of the other four IPOs, which are still open, also saw more bids flowing in on the second day of the offer after getting fully subscribed on the opening day. The ₹3,043-crore IPO of Tata Technologies and Gandhar Oil Refinery's ₹500-crore IPO were subscribed approximately 15 times each on Thursday.

Flair Writing Industries was subscribed over 6 times. Fedbank Financial Services' IPO, which was launched Wednesday, was subscribed 0.90 times.