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The initial public offering (IPO) of GK Energy was oversubscribed 89.62 times on the third and final day of bidding on September 23.

According to BSE data, the IPO received bids for 1,98,77,78,982 shares against 2,21,80,828 offered.

The Qualified Institutional Buyers (QIBs) booked the issue 186.29 times. The Non-Institutional Investors’ (NIIs) category was subscribed 122.73 times. Retail investors booked their quota 20.79 times.

The price band for the IPO was set between Rs 145 and Rs 153 per share. It was a book build issue worth Rs 464.26 crore. It comprised a fresh issue of 2.61 crore shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh shares amounting to Rs 64.26 crore.

The IPO share all

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