IVR Prime's Initial Public Offering Subscribed 5.75 Times

Mumbai: The initial public offering of IVR Prime Urban Developers Ltd is subscribed 5.75 times. Bids were got at lower end of the price band of Rs 510-600. A total of 8,13,89,080 bids were received against the issue size of 1,41,50,000 equity shares. The QIB portion was subscribed 8.6 times, non-institutional buyers portion by 1.85 times, retail investor portion by 1.5 times and the employee reservation portion by 0.71 times.