The Rs 510-crore initial public offer of Sheela Foam, maker of Sleepwell mattresses, was subscribed over five times on the final day of bidding, reported PTI. The IPO received bids for 2,66,22,640 shares as against the total issue size of 52,50,001 shares, garnering a subscription of 5.07 times, as per NSE data. The company has fixed the price band at Rs 680-730 per scrip. Sheela Foam, on Monday, had raised around Rs 153 crore by allotting shares to anchor investors.
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