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Mumbai, July 9 The IPO of Birla Cotsyn was subscribed by1.1 times on the last day across the price band.

The issue received a total of 9.9 crore bids against the 8.9 crore shares on offer. The portion reserved for the QIBs was subscribed 0.013 times, whereas the portion reserved for the non-institutional investors was subscribed 5.74 times. And the portion reserved for the retail investors was subscribed 0.91 times. The issue which was supposed to close on July 4, was extended due to poor response. The price band was also revised downwards.

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