IREDA IPO Subscription Status
IREDA IPO was subscribed 38.8 times when bidding closed on 23 Nov 2023: QIB 104.57x, NII 24.16x, Retail 7.73x.
The Indian Renewable Energy Development Agency IPO has been subscribed 38.8x times overall. Retail investors have shown interest with bids for 7.73x the shares available. The Non-Institutional Investor (NII) category has been subscribed 24.16x. Within NII, Big HNI (B-HNI) subscribed 26.99x and Small HNI (S-HNI) subscribed 18.5x. Qualified Institutional Buyers (QIBs) have subscribed 104.57x. Data last updated on 10 Nov, 06:18 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 21 Nov, 2023 and closes on 23 Nov, 2023. The shares are expected to list on stock exchanges on 29 Nov, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 104.57x |
| NII | - of - - | 24.16x |
bHNI — bid amount above ₹10 Lakh |
- - | 26.99 |
sHNI — bid amount ₹2–10 Lakh |
- - | 18.5 |
| Retail | - of - - | 7.73x |
| Employee | - of - - | 9.8x |
| TOTAL | - - | 38.8x |
Indian Renewable Energy Development Agency IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 12.9% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 104.57x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
23 Nov 2023
Day 3 |
38.8x | ▼ | |
|
QIB104.57x
BHNI26.99x
SHNI18.5x
Retail7.73x
Employee9.8x
|
|||
|
22 Nov 2023
Day 2 |
4.56x | ▼ | |
|
QIB2.69x
BHNI7.96x
SHNI7.3x
Retail4.26x
Employee4.99x
|
|||
|
21 Nov 2023
Day 1 |
1.95x | ▼ | |
|
QIB1.34x
BHNI2.75x
SHNI2.66x
Retail1.96x
Employee2.1x
|
|||
Indian Renewable Energy Development Agency IPO dates
From the bidding window to listing. Today is 11 November.
- Open 21 Nov 2023
- Close 23 Nov 2023
- Allotment 24 Nov 2023
- Refund/credit 25 Nov 2023
- Listing 29 Nov 2023
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Indian Renewable Energy Development Agency IPO?
As of IPO close date (23 Nov, 2023), the Indian Renewable Energy Development Agency IPO is subscribed 38.8x times. Retail category is 7.73x, and NII is 24.16x subscribed.
When is the allotment date for Indian Renewable Energy Development Agency IPO?
The allotment for Indian Renewable Energy Development Agency IPO is expected to be finalized on 24 November, 2023.
What is the GMP of Indian Renewable Energy Development Agency?
The Grey Market Premium (GMP) for Indian Renewable Energy Development Agency is currently ₹10, indicating a potential listing gain of 31%.
When will Indian Renewable Energy Development Agency IPO list on the stock market?
Indian Renewable Energy Development Agency is scheduled to list on BSE and NSE on 29 November, 2023.
What are the chances of getting allotment in Indian Renewable Energy Development Agency IPO?
The retail category is oversubscribed at 7.73x, meaning allotment is by lottery. Statistically, approximately 1 in 8 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 104.57x mean for Indian Renewable Energy Development Agency IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 104.57x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Indian Renewable Energy Development Agency IPO allotment status?
After the allotment date (24 Nov, 2023), you can check your Indian Renewable Energy Development Agency IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Indian Renewable Energy Development Agency IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
