People's Leasing Co., the island's largest leasing company, offered 390 million shares at 18 rupees a share.
The statement said the IPO drew 26 applications worth 4,869 million rupees with payment made by bank guarantees and 10,459 applications with a value of 4,658 million rupees with payment by bank drafts and cheques.
PLC is a fully owned unit of state-run People's Bank and the IPO, oversubscribed on the opening day, November 03, 2011, was expected to attract foreign interest
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