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The Economic Times

Business

Ritesh Presswala

Advit Jewels IPO Day 3: Issue subscribed 213x on strong retail, NII demand; GMP hints at 40% listing gains

Advit Jewels IPO Jaipur

Jaipur-based handcrafted jewellery brand Advit Jewels’ IPO ended day three of bidding with an overall subscription of 213 times against the 83.79 lakh shares on offer. The NII segment led the response, with a subscription of 536 times.

Market excitement is also reflected in the grey market, where the IPO is commanding a grey market premium (GMP) of around 40%.

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