Fedbank Financial Services’ IPO had a subscription of 29 percent on the first day of the subscription. Bids came in for 1.59 crore shares against the total issue size of 5.6 crore shares.
The participation was varied across investor categories, with retail investors buying 50 percent of their quota of shares, and non-institutional investors picking up 14 percent. However, the portion set aside for qualified institutional buyers (QIBs) appears to have seen a slower start.
Indian Renewable Energy Development Agency (IREDA) has seen a significant level of subscription on the second day of bidding, with the overall subscription being 3.54 times the offer size.
Investors have bid for 166.92 crore equity shares against the offer size of 47.09 crore shares. The participation has been widespread, with high net worth individuals (HNI) bidding 6.01 times the allotted quota and retail investors bidding 3.66 times.
Tata Technologies’ IPO has been well-received by investors, with the subscription level reaching 5.11 times the offer size. Investors bid for 23 crore equity shares against an offer size of 4.5 crore shares.
Here’s a breakdown of the subscription across different investor categories:
- Retail Investors: Bid 4.2 times their quota of shares.
- High-Net-Worth Individuals (HNIs): Subscribed 8.5 times.
- Qualified Institutional Buyers (QIB): Bid 3.96 times.
