Receives bids for 97.64 lakh shares as against 66.15 lakh shares on offer

The IPO of Archidply Industries received decent response for its initial public offer (IPO). The IPO which closed today 17 June 2008, was subscribed 1.48 times by 17:00 IST on NSE. The IPO received bids for 97.64 lakh shares, as against 66.15 lakh shares on offer.

Archidply Industries had set Rs 70 to Rs 80 per share price band for its IPO.