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Sigachi Industries IPO receives a whopping 101.91 times subscription
Sigachi Industries IPO
- The IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer.
- The portion for non-institutional investors was subscribed 172.43 times.
- Price range for the Rs 125.42 crore-offer was at Rs 161-163 per share.
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 "Sigachi Industries IPO receives a whopping 101.91 times subscription")
New Delhi: The initial public offer of microcrystalline cellulose manufacturer Sigachi Industries received a whopping 101.91 times subscription on the last day of the offer on Wednesday.
The IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer, according to NSE data.
The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times. Also Read: Onion gets cheaper by up to Rs 12 per kg as centre releases 1.11 lakh tonnes of buffer stock
Price range for the Rs 125.42 crore-offer was at Rs 161-163 per share. Unistone Capital Private Limited was the manager of the offer. Also Read: Diwali gift for common man! Excise duty on petrol, diesel slashed by up to Rs 10
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