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Our Bureau

Mumbai , Dec. 18

The initial public offering of Pyramid Saimira Theatre Ltd has been subscribed by 15.4 times on the BSE and NSE at 7 p.m. on Monday.

Bids were received across the price band of Rs 88 - 100 per equity share. Almost 12.99 crore bids were received across the price band and around 3.59 crore bids were at the cut-off price.

The company had offered equity shares aggregating around Rs 74.22 crore to fund its expansion plans in the North and consolidate theatres in the South. Keynote Corporate Services Ltd is the book running lead manager to the issue.

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