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Our Bureau

Mumbai, July 31 The initial public offering of Asian Granito India Ltd was subscribed 4.51 times on BSE. More bids were received at the lower end of the price band of Rs 85-102.

Total number of bids received were 3,16,00,020 against the issue of 70 lakh equity shares. The QIB portion was over subscribed by 3.09 times, non-institutional portion by 10.0061 times, retail individual investor portion by 4.65 times and employee reservation by 1.37 times.

SBI capital Markets Ltd and Enam Financial Consultants Pvt. Ltd are the book running lead managers to the issue.

The initial public offering of SEL Manufacturing Co. Ltd was oversubscribed 3.62 times on the bourses, where a total of 1,49,85,975 bids were received against the issue size of 41,38,410 equity shares.

Bids were received across the price band of Rs 80-90. The QIB portion was subscribed by 4.09 times, non-institutional investor portion by 3.12 times, retail individual investor portion by 3.55 times and employee reservation by 0.98 times. UTI Bank Ltd is the lead manager to the issue.

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