Orissa based ARSS Infrastructure Projects has been subscribed by 2,968,560 times on close.

A total of 118,934,805 bids were obtained out of which 12,123,795 bids were obtained at cut-off price.

Qualified Institutional buyers subscribed 5.87 times to the issue while non-institutional investors subscribed 1.77. On the other hand retail investors subscribed 1.70 times.

The company has proposed a public issue aggregating to Rs 1,030 million for a price band Rs 410 a share to Rs 450 a share.

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