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Our Bureau

Mumbai, Nov. 1

The initial public offer (IPO) of Religare Enterprises, a financial services provider led by promoters of Ranbaxy Laboratories, has been subscribed 152.67 times. The total issue size is 75.76 lakh equity shares and the total bids received were 108 crore shares across the price band of Rs 160-185.

The Qualified Institutional Buyer (QIB) portion was subscribed 46.23 times, the non- institutional investors portion was subscribed 2.45 times, while the retail institutional part was subscribed by 13.38 times till Wednesday according to the data on NSE.

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