India: Advanced Enzyme IPO closes, subscribed 115.89 times

India: Advanced Enzyme IPO closes, subscribed 115.89 times

Advanced Enzyme Technologies Ltd received an overwhelming response to its Rs.412 crore initial public offering (IPO), which closed on Friday after receiving demand for 115.89 times the shares on offer.

As of 6.45pm on Friday, the three-day IPO received applications for 374.80 million shares, compared with the issue size—excluding the anchor book—of 3.23 million shares.

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