The initial public offering (IPO) of PSU firm RITES (Rail India Technical and Economic Services Ltd), which was fully subscribed on Thursday, continued to see strong demand on Friday, the closing date of the issue. As of 3.45 pm, the RITES IPO was subscribed over 64 times, according to NSE data. The price band of IPO has been fixed at Rs 180-185 per share, with lot size of 80 shares and in multiples thereafter.
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