XL Telecom’s IPO has reportedly been over subscribed by 6.83 times on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

XL Telecom’s IPO has reportedly been over subscribed by 6.83 times on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company offered 3.96 million equity shares, worth Rs 10 each, at a price to be determined through the book-building process. Bids were received across a price band of Rs 125-150 for all categories that the stock was reserved for, including qualified institutional buyers, non-institutional investors and retail individual investors.