The initial public offering of Tulsi Extrusions, PVC pipes and fittings manufacturer for the irrigation, industrial, infrastructure and housing sector, has subscribed 1.73 times, as per NSE website. Public offer received bids for 98.39 lakh shares as against 57 lakh shares on offer.
The issue closed for subscription with a public issue of 57,00,000 equity shares of Rs 10 each for cash at a premium to be decided through the 100 per cent book building process. The price band for the issue is between Rs 80 and Rs 85.
The issue comprises a reservation of one lakh equity shares and the net issue to the public would be of 56,00,000 shares.
