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The initial public offer of construction firm PSP Projects was oversubscribed 8.58 times on the last day of the issue on Friday. The IPO received bids for 4.75 crore shares against the total issue size of 55.44 lakh shares.
The company plans to raise ₹211 crore through the issue. According to data from the exchanges, the issue received strong response from all categories of investors, including retail participants.
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