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Good response to NDTV issue
MUMBAI,
APRIL 28.
News broadcaster New Delhi Television (NDTV) India's initial public offering has received bids about 17 times the issue size at the close of bidding today. Investment banking sources said the response had been good and the cumulative bid size is 17 times the shares on offer."We have received 2.3 lakh applications with substantial retail response and we are processing more applications," they said.
Investors have placed demand for 28.73 crore shares against 1.73 crore shares on offer, according to the latest data available with the Stock Exchange, Mumbai (BSE). The maximum bids for 17.24 crore shares were at Rs. 70 per share, the upper end of the bid price band. — PTI
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