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Mumbai, July 20 The initial public offering of Omaxe Ltd was subscribed 68.12 times on the BSE and NSE at 7.00 pm.

The IPO received over 121 crore bids against the issue size of 1.77 crore shares. A total of 6.64 crore bids were received at the cut off price. Bids were received across the price band of Rs 265-310.

The IPO received a good response from qualified institutional bidders (QIBs) and non-institutional investors. According to data on the NSE, at 5 pm, the QIB portion was subscribed 8.59 times, while the NII portion was subscribed 3.27 times. The retail individual investors portion was subscribed 1.17 times.

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