Advanced Enzyme Technologies completed an initial public offering of 4.59 million equity shares at ₹10 each for cash at a price of ₹896 per share generating ₹4.1 billion (US$61.6 million). The offering comprised a fresh issue of 560,405 equity shares worth ₹502 million and an offer for sale of 4.03 million shares by certain existing shareholders of the company, worth ₹3.61 billion. The offer was 115 times oversubscribed.
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