Reliance News
IPO of Speciality Restaurants oversubscribed After two back to back withdrawals, the initial public offering (IPO) of restaurant chain operator Speciality Restaurants managed to successfully sail through, thanks to good bidding by institutional investors. The 11.74-million share offering received about 2.5 times subscription, with most bids coming from the qualified institutional buyers (QIB) category. The issue received 4.68 times subscription
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