Our Bureau

Mumbai, April 27

THE initial public offering of India Infoline, a financial services company, has been subscribed by more than 6.6 times as per the details available with stock exchanges' Web sites. The issue received bids for 7.83 crore shares compared to the issue size of 1.18 crore.

The IPO had a price band of Rs 70-80 and the issue closed on Wednesday. Maximum number of bids for 7.76 crore shares were received at upper price band of Rs 80.

Till late evening, the exact break-up of the various investor's class was not available, but as per the details till Tuesday, FIIs were the major investors in the company.

(This article was published in the Business Line print edition dated April 28, 2005)
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