New Delhi, Nov 3 (PTI) The initial public offer of microcrystalline cellulose manufacturer Sigachi Industries received a whopping 101.91 times subscription on the last day of the offer on Wednesday.

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The IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer, according to NSE data.

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The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times.

Price range for the Rs 125.42 crore-offer was at Rs 161-163 per share. Unistone Capital Private Limited was the manager to the offer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)