The Deepa Jewellers IPO has entered its second day of bidding, drawing decent investor interest. In the grey market, the issue is commanding a 25% premium, signalling upbeat investor sentiment and expectations of a strong listing gain.
On Day 1, the IPO was 87% subscribed, with investors bidding for shares against the 1.85 crore shares on offer. The retail segment was particularly encouraging, with Retail Individual Investors (RIIs) subscribing 1.38 times the 93.55 lakh shares reserved for them.
