The company aims to raise Rs 1,501 crore through fresh issue of shares worth Rs 1,004 crore and offer for sale of Rs 497.73 crore.

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In this, ZMPPL holds 80.45 percent stake, while the government holds about 19.55 percent stake in the company.

The price band has been fixed at Rs 39-42 per share.

Retail investors have bid 1.12 times out of the 13.15 crore shares earmarked for them, while non-institutional investors have subscribed 32 per cent.

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