The Rs.2,150-crore initial public offering of the Indian Renewable Energy Development Agency (IREDA) was subscribed 38.8 times on Thursday - the last day of the issue - led by strong demand from all investor categories. The highest bids came from the QIB category, which was subscribed nearly 105 times. The non-institutional investor (NII) category was subscribed 24 times, while the retail investor category was subscribed 7.7 times.