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Provogue IPO subscribed 25 times

Our Bureau

Mumbai , June 16

, PROVOGUE'S initial public offerings, which closed on Thursday, was subscribed 24.75 times. The total number of bids received was 10 crore shares.

The total bids received at the cut-off price of Rs 150 were 3.83 crore shares. There are 40.49 lakh shares up for grabs.

So far, of the total subscription, banks have accounted for 24 per cent, FIIs for almost 29 per cent and mutual funds 27 per cent. The IPO's price band ranged between Rs 130 and Rs 150.

The book-running lead managers are SBI Capital Markets, Karvy Investor Services and Anand Rathi Securities.

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