Advanced Enzyme Tech to list shares on Monday

Advanced Enzyme Technologies, which raised over Rs 411 crore through its initial public offering (IPO), will make its stock market debut on August 1. The IPO, which closed on July 22, was subscribed 116 times at a price band of Rs 880-896 per share. The quota reserved for qualified institutional buyers (QIBs) was oversubscribed 94.03 times and that of non institutional investors’ 393.10 times. Retail investors category was oversubscribed 11.6 times. The IPO comprised fresh issue of shares worth Rs 50 crore and an offer for sale (OFS) for up to 4,034,470 scrips.