The initial public offer (IPO) of Astec LifeSciences has received full subscription today, on the final day of issue. The issue opened on 27 October 2009. Latest data suggest that the issue received total bids for more than 87.61 lakh shares from the investors, about 1.17 times more than 75 lakh equities on offer.

The Astec LifeSciences issue is of 7.5 million equity shares of Rs 10 each for cash at a price to be decided by 100% book building process. The issue constitutes 44.30% of the fully diluted post issue paid-up capital of the company. The company has fixed the price band between Rs 77 and Rs 82 per share.