New Delhi, Sept. 12 -- The Rs.401 crore initial public offering (IPO) of Shringar House of Mangalsutra, which opened for subscription on September 10, closed today, September 12, with the issue subscribed 60 times during the three-day bidding period.

It received bids for 102.62 crore shares against the total offer of 1.70 crore shares, resulting in an overall subscription of 60.35 times by the end of Day 3, according to exchange data. The issue price was set between Rs.155 and Rs.165 per share.

The QIB (Qualified Institutional Buyers) category saw strong interest, with its portion subscribed 104.41 times, while the non-institutional investors' quota was booked 82.58 times. The retail investors' portion was subscribed 27.26 times.

The c...