Foodstuff maker OTS Holdings’ initial public offering was 8.4 times subscribed, with strong interest seen from retail investors.

The retail tranche of 1 million shares received valid application totalling some $53.73 million. At 23 cents each, this portion was 233.6 times subscribed 

The much larger placement tranche of 40 million shares, meanwhile, was 2.8 times subscribed. 

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