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MUMBAI: HT Media's initial public offering has been subscribed by 5.79 times on the first day with maximum bids coming at the upper price band of Rs 530 a share, according to NSE Web site.

The issue received bids for 4.04 crore shares compared to the issue size of 69.95 lakh shares.

The price band for the IPO is Rs 445-530 and the issue closes on August 10.

(This article was published in the Business Line print edition dated August 5, 2005)
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