IPO Watch:Parsvnath float subscribed 1.2 times

 Updated at 1215 hrs: The IPO of Parsvnath Developers, which has proposed to issue 3,32,38,000 shares in the price band of Rs 250-300 per share, has ben subscribed only 0.11 times till 11 noon today.

The IPO attracted bids for only 35,16,020 shares with the maximum bids (over 35 lakh) being made at the upper price level of Rs 300.

The offer, which opened today,  will close on Friday, November 10.