Motilal Oswal IPO fully subscribed at Rs 825/shr

The initial public offering (IPO) of Motilal Oswal Financial Services was fully subscribed, according to data on the National Stock Exchange at 1300 hours.

The maximum bids (over 29 lakh) have been made at the top end of the price band of Rs 730-825 per share.

The issue, which is an offer for 29.82 lakh shares, closes on August 23. 
 
Citigroup Global Markets India is the lead manager to the issue.