India, Feb. 19 -- The initial public offering of Interiors & More has been subscribed 0.45 times so far on Day 3 while the retail portion received 651,600 bids and the non-institutional investors' portion got 187,200 bids. The issue will end on February 20. Its price band has been set at Rs.216-227 per equity share.

The IPO is entirely a fresh issue of 1,850,400 shares and the maximum subscription amount for retail investors is Rs.2 lakh. Retail investors have been allotted a quota of 615,600 shares.

The company will utilise the proceeds for repayment/pre-payment of certain debt facilities, working capital requirements and for general corporate purposes, it said.

The company converted to Public Limited Company as 'Interiors & More Limi...