Sandhar Technologies public issue subscribed 6.18 times

NEW DELHI: The initial public offer of auto component maker Sandhar Technologies was subscribed 6.18 times on the final day of bidding on Wednesday. The Rs 512-crore IPO received bids for 6,71,40,270 shares against the total issue size of 1,08,72,661 shares, data available with the NSE showed. Qualified institutional buyers (QIBs) category was subscribed 14.5 times, non institutional investors 6.39 times and retail investors 1.31 times, merchant banking sources said.