IPO of Nitin Industries oversubscribed 48 times

Mumbai, May 19: The initial public offer (IPO) of Nitin Fire Protection Industries has been oversubscribed by over 48 times.

It has received more than 16.29 crore bids against its issue size of 33.90 lakh shares, whereas bids at cut off price stood at 3.07 crore shares, official records revealed.

The issue closes today.

UNI