Mandhana Ind IPO subscribed 0.71 times on first day

Newswire

MUMBAI, April 27 (Reuters) - Textiles maker Mandhana Industries Ltd's initial public offer of 8.3 million shares that opened on Tuesday has been subscribed 0.71 times, according to data on the National Stock Exchange. The garment maker, whose clients include brands like Tommy Hilfiger and domestic retailers such as Pantaloon Retail and ITC , had set a price band of 120-130 rupees a share for its IPO. The qualified institutional portion of the issue was subscribed 0.26 times on Tuesday. ...

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