India: Macrotech's IPO fully subscribed on final day after tepid start

India: Macrotech's IPO fully subscribed on final day after tepid start

Indian real estate company Macrotech Developers Ltd’s initial public offering (IPO) was oversubscribed 1.36 times on the final day, as its weak sales, substantial debt and a resurgence of COVID-19 cases weighed on investor interest.

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