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The initial public offering (IPO) of Saatvik Green Energy was subscribed 6.57 times on the third and final day of bidding on September 23.

The issue received bids for 9,38,08,672 shares against 1,42,71,970 offered.

The Qualified Institutional Buyers (QIBs) booked the issue 10.84 times. The Non-Institutional Investors’ (NIIs) category was subscribed 10.04 times. Retail investors booked their quota 2.66 times.

The price band for the IPO was set between Rs 442 and Rs 465 per share. It was a book build issue worth Rs 900 crore. It comprised a fresh issue of 1.51 crore shares worth Rs 700 crore and an offer-for-sale (OFS) of 43 lakh shares amounting to Rs 200 crore.

The share allotment statu

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