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Tuesday, July 3, 2007

HDIL IPO subscribed 1.4 times


The company has fixed a price band of Rs430 to Rs500 per share. The issue, which opened on June 28, would close on July 3

The Initial Public Offering (IPO) of real estate developer Housing Development and Infrastructure Ltd. (HDIL) has been subscribed 1.4 times. The company has received bids for 41.77mn shares as against the issue size of 29.7mn shares.

HDIL has fixed a price band of Rs430 to Rs500 per share for its maiden issue.

The issue, which opened on June 28, would close on July 3. ......Indiainfoline.com-Top stories,Leader speak,company news,sector news,Market talk,lifestyle,budget,market today,global indicators


Posted by Ravi Karandeekar at Tuesday, July 03, 2007
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