Indian Renewable Energy Development Agency Limited IPO Subscriptions Status Live Today
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Indian Renewable Energy Development Agency Limited IPO Details
|
Issue Open |
21 November 2023 |
|
Issue Close |
23 November 2023 |
|
IPO Price |
₹30 - ₹32 per equity
share |
|
Face Value |
₹10 per equity share |
|
IPO Size |
₹2,150.21 Cr. |
|
Listing At |
NSE, BSE |
|
IPO Lot
Size |
460 shares |
IPO Investor Categories
IPO Investor Categories
• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.
• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.
NII category has two subcategories:
1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.
2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.
• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are
individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO,
aimed at encouraging retail participation in the IPO process.
• Employee (EMP)- The Employee (EMP) category in an IPO is reserved
for the employees, directors, and business associates of the issuer company,
and the allocation of shares to this category is determined by the issuer
company and the lead manager of the IPO.
• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.
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