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Mumbai Feb. 9 The initial public offering of Indian Bank was oversubscribed 32.09 times on the BSE and NSE at 7.00 pm. Bids were received across the price band of Rs 77-Rs 91 per equity share.

A total of 276 crore bids were received against the issue size of 8.6 crore while 6.67 crore bids were received at the cut off price.

SBI Capital Markets Ltd, Enam Financial Consultants Pvt. Ltd, ICICI Securities Ltd and Kotak Mahindra Capital Co Ltd are the book running lead managers to the issue.

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Krebs Bio to issue pref shares

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