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Mumbai, June 24

IL&FS Investsmart Ltd is entering the capital market with an IPO, which is slated to open on July 4 and close on July 8.

A company release said the price band for the public offer has been fixed at Rs 110 to Rs 125 for equity shares of Rs 10 each. The company has opted for the 100 per cent book-building route.

The IPO consists of 11.4 million shares, comprising a fresh issue of 8.8 million shares and the balance will be by way of an offer for sale.

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