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Transwarranty Finance 1.45 times

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Mumbai Feb 2 The IPO of Firstsource Solutions Ltd received strong response on the NSE and the BSE on Friday.

The IPO was subscribed 47.46 times at 7 p.m. and bids were received across the price band of Rs 54-64 per equity share.

The company has entered the capital markets with an issue of 6,93,00,000 equity shares through a 100 per-cent book building issue.

DSP Merrill Lynch Ltd and Deutsche Equities India Private Ltd are the book running lead managers to the issue.

Transwarranty Finance

The initial public offering of Transwarranty Finance Ltd was oversubscribed 1.45 times on the NSE and BSE at 7 p.m.

Bids were received across the price band of Rs 48-55 per equity share.

The company entered the capital markets with an initial offer of 60 lakh equity shares through 100 per cent book building process.

IDBI Capital Market Services Ltd is the book running lead manager to the issue.

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