November 21, 2023 - November 23, 2023

IREDA IPO Subscription Details

IPO Detail

Stock Price

IREDA IPO Anchor Investor Allocation

A total of 20,10,19,726 shares at a price of Rs 32 per share will be allotted to the anchor investors.

Anchor investors bid opening date	Nov 20, 2023
Anchor investor price	Rs.32.00
Anchor investors as % of QIBs	60.00%
No. of shares locked-in for 30 days	10,05,09,863
No. of shares locked-in for 90 days	10,05,09,863

S.No.	Anchor Investor	No. of Shares Allotted	Amount (Rs.cr.)	% Allotment within Anchor Investor Portion	% Allotment of Issue
1	PUBLIC SECTOR PENSION INVESTMENT BOARD-IIFL ASSET MANAGEMENT LTD.	1,25,00,040	40.00	6.22	1.86
2	SBI MUTUAL FUND	1,01,55,880	32.50	5.05	1.51
3	ADITYA BIRLA SUN LIFE MUTUAL FUND	93,74,800	30.00	4.66	1.40
4	ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND	93,75,260	30.00	4.66	1.40
5	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	93,75,260	30.00	4.66	1.40
6	HDFC MUTUAL FUND	93,75,260	30.00	4.66	1.40
6A.	HDFC BUSINESS CYCLE FUND	46,87,860	15.00	2.33	0.70
6B.	HDFC MULTI CAP FUND	46,87,400	15.00	2.33	0.70

7	ICICI PRUDENTIAL MUTUAL FUND	93,75,260	30.00	4.66	1.40
7A.	ICICI PRUDENTIAL MIDCAP FUND	46,87,860	15.00	2.33	0.70
7B.	ICICI PRUDENTIAL PSU EQUITY FUND	46,87,400	15.00	2.33	0.70

8	KOTAK FUNDS-INDIA MIDCAP FUND	93,75,260	30.00	4.66	1.40
9	KOTAK MAHINDRA MUTUAL FUND	93,75,260	30.00	4.66	1.40
9A.	KOTAK BANKING & FINANCIAL SERVICES FUND	3,28,900	1.05	0.16	0.05
9B.	KOTAK BUSINESS CYCLE FUND	5,75,460	1.84	0.29	0.09
9C.	KOTAK ELSS TAX SAVER FUND	8,22,020	2.63	0.41	0.12
9D.	KOTAK LARGE & MIDCAP FUND	24,66,980	7.89	1.23	0.37
9E.	KOTAK FLEXICAP FUND	24,66,980	7.89	1.23	0.37
9F.	KOTAK CONTRA FUND	4,94,960	1.58	0.25	0.07
9G.	KOTAK MULTICAP FUND	16,44,500	5.26	0.82	0.24
9H.	KOTAK PIONEER FUND	5,75,460	1.84	0.29	0.09

10	NIPPON INDIA MUTUAL FUND	93,75,260	30.00	4.66	1.40
10A.	NIPPON INDIA BANKING & FINANCIAL SERVICES FUND	11,72,080	3.75	0.58	0.17
10B.	NIPPON INDIA POWER & INFRA FUND	11,72,080	3.75	0.58	0.17
10C.	NIPPON INDIA SMALL CAP FUND	70,31,100	22.50	3.50	1.05

11	SBI LIFE INSURANCE CO.LTD.	93,75,260	30.00	4.66	1.40
12	HDFC LIFE INSURANCE CO.LTD.	78,12,640	25.00	3.89	1.16
13	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	78,12,640	25.00	3.89	1.16
14	DSP MUTUAL FUND	62,50,020	20.00	3.11	0.93
14A.	DSP ELSS TAX SAVER FUND	35,42,920	11.34	1.76	0.53
14B.	DSP LARGE & MID CAP FUND	27,07,100	8.66	1.35	0.40

15	INTEGRATED CORE STRATEGIES (ASIA) PTE.LTD.	62,50,020	20.00	3.11	0.93
16	MAGNA UMBRELLA FUND PLC-MAGNA EM INCOME & GROWTH FUND	62,50,020	20.00	3.11	0.93
17	SBI GENERAL INSURANCE CO.LTD.	62,50,020	20.00	3.11	0.93
18	BANDHAN MUTUAL FUND	46,87,860	15.00	2.33	0.70
18A.	BANDHAN FINANCIAL SERVICES FUND	23,44,160	7.50	1.17	0.35
18B.	BANDHAN SMALL CAP FUND	23,43,700	7.50	1.17	0.35

19	UTI MUTUAL FUND	46,87,860	15.00	2.33	0.70
20	SOCIETE GENERALE-ODI	42,19,120	13.50	2.10	0.63
21	AXIS MAX LIFE INSURANCE LTD.-ULIF00225/06/04 LIFEBALANC 104-BALANCED FUND	31,93,320	10.22	1.59	0.48
22	BARODA BNP PARIBAS MUTUAL FUND	31,25,240	10.00	1.55	0.47
22A.	BARODA BNP PARIBAS BANKING & FINANCIAL SERVICES FUND	5,62,120	1.80	0.28	0.08
22B.	BARODA BNP PARIBAS LARGE & MID CAP FUND	25,63,120	8.20	1.28	0.38

23	BNP PARIBAS ARBITRAGE-ODI	31,25,240	10.00	1.55	0.47
24	DURO ONE INVESTMENTS LTD.	31,25,240	10.00	1.55	0.47
25	GAM STAR EMERGING EQUITY	31,25,240	10.00	1.55	0.47
26	KOTAK MAHINDRA LIFE INSURANCE CO.LTD.	31,25,240	10.00	1.55	0.47
27	LIC MUTUAL FUND	31,25,240	10.00	1.55	0.47
28	RELIANCE NIPPON LIFE INSURANCE CO.LTD.	31,25,240	10.00	1.55	0.47
29	SUNDARAM MUTUAL FUND	31,25,240	10.00	1.55	0.47
29A.	SUNDARAM INFRASTRUCTURE ADVANTAGE FUND	3,12,800	1.00	0.16	0.05
29B.	SUNDARAM MID CAP FUND	14,06,220	4.50	0.70	0.21
29C.	SUNDARAM MULTI CAP FUND	14,06,220	4.50	0.70	0.21

30	WHITEOAK CAPITAL MUTUAL FUND	31,25,240	10.00	1.55	0.47
30A.	WHITEOAK CAPITAL ELSS TAX SAVER FUND	1,72,960	0.55	0.09	0.03
30B.	WHITEOAK CAPITAL LARGE CAP FUND	3,94,220	1.26	0.20	0.06
30C.	WHITEOAK CAPITAL MID CAP FUND	16,38,060	5.24	0.81	0.24
30D.	WHITEOAK CAPITAL MULTI CAP FUND	9,20,000	2.94	0.46	0.14

31	MOON CAPITAL TRADING PTE.LTD.	22,63,846	7.24	1.13	0.34
32	COPTHALL MAURITIUS INVESTMENT LTD.-ODI ACCOUNT	15,62,620	5.00	0.78	0.23
33	GOLDMAN SACHS (SINGAPORE) PTE.-ODI	15,62,620	5.00	0.78	0.23
34	KOTAK OPTIMUS AGGRESSIVE SCHEME	15,62,620	5.00	0.78	0.23
35	MAX LIFE INSURANCE CO.LTD.-ULIF 01715/02/13 PENSMAXIMI 104-PENSION MAXIMISER FUND	12,49,820	4.00	0.62	0.19
36	MAX LIFE INSURANCE CO.LTD.-ULIF 01815/02/13 PENSPRESER 104-PENSION PRESERVER FUND	1,25,120	0.40	0.06	0.02
37	MAX LIFE INSURANCE CO.LTD.-ULIF 00117/04/06 GRATGROWTH 104-GROUP GRATUITY GROWTH FUND	1,09,480	0.35	0.05	0.02
38	MAX LIFE INSURANCE CO.LTD.-ULIF 00725/11/05 PENSCONSER 104-PENSION CONSERVATIVE FUND	6,900	0.02	0.00	0.00
39	MAX LIFE INSURANCE CO.LTD.-ULIF 01004/10/06 AMSRGUADYN 104-AMSURE GUARANTEED DYNAMIC FUND	3,220	0.01	0.00	0.00
		20,10,19,726	643.26	100	29.92

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors (NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors (RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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IREDA IPO Subscription FAQs

The IREDA IPO is subscribed 38.8 times by Nov 23, 2023 17:39.