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Our Bureau

Mumbai March 23 The initial public offering of Orbit Corporation Ltd was subscribed 3.85 times on the BSE and the NSE on Friday as of 5 p.m on Friday.

Bids were received across the price band of Rs 108-Rs 117.

A total of 3.50 crore bids were received against the issue size of 91 lakh shares while 23 lakh bids were received at the cut-off price.

Edelweiss Capital Ltd is the book running lead manager to the issue.

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