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Mumbai Feb. 8 The initial public offering of SMS Pharmaceuticals Ltd was subscribed 2.64 times on the BSE and NSE at 6:30 pm. Bids were received across the price band of Rs 360-Rs 380.

Total bids were received were about 68 lakh shares against the issue size of 25.8 lakh while 21 lakh bids were received at the cut off price.

UTI Securities Ltd is the book running lead manager to the issue.

Indian Bank

The ongoing IPO of Indian Bank received 54.51 crore bids for its offer of 8.59 crore equity shares representing 6.34 times subscription, stock exchange data shows. The price band of the issue has been fixed between Rs 77 and Rs 91. The issue will close on February 9.

More Stories on : IPOs | Pharmaceuticals | Public Sector Banks

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