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Mumbai, June 12 The initial public offering of Sejal Architectural Glass got subscribed a total of 9.9 times on the last day of the issue on Thursday. The issue received bids for 9.1-crore shares as against 91.9-lakh shares on offer, according to the latest data available on the NSE.

The portion reserved for the qualified institutional buyers was subscribed by 4.26 times, the non institutional investors submitted bids for 33.1 times and the portion reserved for the retail investors was subscribed a total of 7.9 times.

The price band was fixed between Rs 105-115. “The company would use proceeds from IPO to set up a manufacturing unit for the production of float glass in Gujarat,” said Mr Dhiraj S. Gada, Joint Managing Director, Sejal Architectural Glass Ltd.

First Winner Industries, a company engaged in the manufacture of grey fabrics and trading of textile fabrics, which are supplied to wholesalers and garment manufacturers, announced that its public issue, which was initially slated to close today, will now close on June 17. The price band has been revised downwards from Rs 120-130 to Rs 115-125. As on June 12 the issue was subscribed a total of 0.74 times.

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