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Kamdhenu Ispat's IPO oversubscribed

NEW DELHI: Kamdhenu Ispat's initial public offering was oversubscribed by 5.5 times. The IPO received maximum support from Gujarat with 1.59 crore shares subscription closely followed by New Delhi with 1.19 crore shares. "The overall performance of the IPO has been quite encouraging and we are grateful to our investors," said Kamdhenu Ispat Chairman and Managing Director, Satish Agarwal.

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