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Our Bureau

Mumbai , June 10

PROVOGUE'S initial public offering, which was flagged off on Friday, was subscribed by 11.52 times on the first day.

The total number of bids received was 4.66 crore, and 87,680 bids were received at the cut off price of Rs 150.

There are 40.49 lakh shares up for grabs.

So far, banks have accounted for 28 per cent of the demand for the IPO, FIIs 32 per cent and mutual funds 34 per cent.

The IPO's price band is between Rs 130 and Rs 150.

The book running lead managers are SBI Capital Markets, Karvy Investor Services and Anand Rathi Securities.

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