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Mumbai, Feb. 22 The IPO of Rural Electrification Corporation was subscribed a total of 27.76 times across the price band. The issue received bids for 433 crore equity shares against the 15.61 crore equity shares on offer. The price band for the issue was fixed between Rs 90 and Rs 105. The QIB portion was subscribed 40 times, HNI 23 times and retail 5.69 times as per provisional data available with merchant banking sources.

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