Sasken Communication Technologies’ initial public offering (IPO) has been subscribed by over 78 times. Sasken had fixed a price band of between Rs 230 and Rs 260 per share. The company issued 5 million shares at a face value of Rs 10 each through a 100 per cent book-built public issue. The net offer to the public constituted 16.39 per cent of the fully diluted postissue paid-up equity capital.
