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The net proceeds from the public offer of Ramdevbaba Solvent will be used to set up a manufacturing facility, for repayment of debt, funding working capital requirements and other general corporate purposes. Grill Splendour Services' public offer was subscribed 8 times so far
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
The allotment for the SME IPO of DCG Cables & Wires will be finalised later on Friday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
The allotment for the SME IPO of Teerth Gopicon will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
After decent response for the first two days, the SME IPO of Teerth Gopicon was subscribed 16 times so far on Wednesday, the third day of the bidding process. The issue received bids for 6.61 crore shares as against 39.9 lakh shares on offer.