Lumax Auto IPO oversubscribed by 3.4 times

Newswire

MUMBAI, Dec 29 (Reuters) - Auto Parts maker Lumax Auto Technologies Ltd. said on Friday its 3.01-million-share-initial public offer was oversubscribed by 3.4 times. The company had planned to raise 225.9 million rupees at 75 rupees per share. ((Reporting by Narayanan Somasundaram, editing by S. Srinivasan; Reuters Messaging; narayanan.somasundaram.reuters.com@reuters.net; +91 22 6636 9068))

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