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Our Bureau

Mumbai May 15 The initial public offering of Asahi Songwon Colours was subscribed 1.85 times on the BSE and NSE. Bids were received across the price band of Rs 90 - Rs 108 per share.

A total of 68,80,800 bids were received against the issue size of 37,22,222 shares.

The qualified institutional buyers portion was subscribed 3.21 times, non-institutional investors portion by 0.39 times and retail investors portion by 0.52 times. The issue opened on May 9 and closed on May 15.

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