 "Karda Constructions Rs 770-million IPO subscribed 2.5 times on Day Four")
The Rs 770-million IPO of real estate firm Karda Constructions garnered 2.5 times subscription. The demand for shares was lukewarm from all categories of investors. The price band was Rs 175-180 per share. The issue closes on Wednesday. Karda will utilise the offer proceeds to pare debt and for working capital needs.
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