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.


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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