GRE Renew Enertech Limited's initial public offering has garnered significant investor interest, achieving an overall subscription of 2.75 times. The IPO witnessed varied response across different investor categories, with institutional investors showing particularly strong appetite for the renewable energy company's shares.

Subscription Performance Across Categories

The subscription data reveals a clear preference among institutional investors for the offering. The following table presents the detailed subscription figures across all investor categories:

Institutional Interest Drives Performance

The Qualified Institutional Buyers segment emerged as the primary driver of the IPO's success, with subscription levels reaching 7.04 times the allocated portion. This strong institutional response reflects confidence in the company's business prospects within the renewable energy sector.

The Non-Institutional Buyers categories showed moderate interest, with the bHNI segment achieving 1.75 times subscription and the sHNI segment recording 1.28 times subscription. These figures indicate reasonable appetite among high net worth individual investors.

Retail and Employee Participation

The retail investor segment recorded subscription of 0.81 times, falling short of full subscription. The employee category remained unsubscribed at 0.00 times, suggesting limited participation from the company's workforce in the public offering.

The overall subscription of 2.75 times demonstrates market confidence in GRE Renew Enertech Limited, with institutional investors leading the charge in the renewable energy company's market debut.

GRE Renew Enertech's initial public offering has concluded with a total subscription of 2.26 times, showcasing mixed investor response across different categories. The renewable energy company's public issue witnessed varying levels of participation from institutional and retail investors.

Subscription Performance Breakdown

The IPO subscription data reveals a clear preference among different investor segments:

Institutional Interest Drives Subscription

Qualified Institutional Buyers emerged as the primary drivers of the IPO's success, subscribing 7.04 times their allocated portion. This strong institutional participation indicates confidence in the company's business prospects and growth potential in the renewable energy sector.

Retail and HNI Response

The retail segment showed subdued interest with a subscription rate of 0.31 times, suggesting limited appetite among individual investors. Non-Institutional Buyers in both high net worth categories remained below the subscription threshold, with bHNI at 0.49 times and sHNI at 0.46 times.

Notably, the employee quota remained unsubscribed at 0.00 times, indicating no participation from company employees in the public offering.

Market Reception

The overall subscription of 2.26 times reflects moderate market reception for GRE Renew Enertech's IPO. While institutional investors demonstrated strong confidence, the lukewarm response from retail and high net worth individual segments contributed to the mixed subscription pattern across investor categories.