IREDA IPO receives exceptional response its first day, achieving full subscription across its offerings, Notably, retail investors played a significant role, standing out with their enthusiastic participation.
The initial subscription status of the Indian Renewable Energy Development Agency (IREDA) IPO stands at 1.96 times on its first day. Commencing today, November 21, the IPO will remain open for subscription until Thursday, November 23. Priced within a band of ₹30 to ₹32 per equity share (with a face value of ₹10), the IREDA IPO lot size consists of 460 equity shares, and thereafter, multiples can be purchased in increments of 460 equity shares. Retail investors showed remarkable enthusiasm towards the IREDA IPO, filling the subscription within the initial two hours of its availability. Consequently, all allocated portions were oversubscribed by the end of day one.
