Edelweiss IPO subscribed three times

The Edelweiss Capital initial public offering (IPO) was subscribed three times within an hour of the issue opening for subscription today, market sources said.

Edelweiss Capital has entered the capital market with its IPO of 83.86 lakh equity shares of Rs 5 each for cash.

The price band of the issue has been fixed between Rs 725 and Rs 825. The issue will remain open till November 20.