The Hindu Business Line : Shree Renuka Sugars IPO priced at Rs 285 per share

THE Rs 110-crore IPO (including Rs 10 crore green shoe option) of Shree Renuka Sugars received good response from all categories and was oversubscribed nearly 15 times.

Over 57,000 applications were received and the QIB portion was oversubscribed 18 times, HNI portion 22 times and the retail portion over 7 times, the company's news release said.

Despite the vast majority of demand being at Rs 300, the higher end of the price band, the management in an investor-friendly gesture has priced the IPO at Rs 285 per share.

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