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Patni IPO oversubscribed 22 times

MUMBAI, FEB. 6. Patni Computers said today its initial public offering had received overwhelming response with the book-built issue having been oversubscribed 22 times.

The company fixed the issue price at Rs. 230 per equity share of face value Rs. 2 each.

The 100 per cent book-built issue received maximum bids at the upper end of the price band of Rs. 230 per share and majority of the retail bids came at cut-off price, Patni Computers said in a statement here today. — PTI

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