Sparsh Mart Ltd. which was earlier operating only in Ahmedabad decided to expand its operations in two other states. So to get required funds, it invited , general public to subscribe for its public issue of Rs. 50 crores through an initial public offer. It received applications for shares of Rs. 40 crores.
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AHMEDABAD: Gujarat-based small and medium ... city of Surat, mopped up Rs 51.25 crore through its SME IPO. ... There was a hunger for funds in SMEs.
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