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Unity Infraprojects IPO subscribed 2.3 times

Our Bureau

Mumbai , May 24

Unity Infraprojects Ltd's initial public offering, which closed on Wednesday, was subscribed by 2.3 times, said a press release from the company. Around 90 per cent of the total demand was at the top end of the price band at Rs 732 per share.

The qualified institutional buyers' portion was subscribed over 3.3 times, while the retail portion was subscribed around two times with more than 40,000 applications. The company had entered the capital markets with a public issue of 34,43,000 equity shares of Rs 10 each. The sole book running lead manager to the issue is DSP Merrill Lynch Ltd.

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