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The Economic Times
The Economic Times
Ritesh Presswala

Lalithaa Jewellery Mart IPO Day 3: Subscribed 28.89x so far; GMP signals 20% premium

Lalithaa Jewellery Mart IPO witnessed strong investor interest on the third and final day of bidding. The issue was subscribed 63 times, led by strong QIB demand. The retail portion has been subscribed over 11 times against the 3.12 crore shares reserved for them.

Meanwhile, the IPO’s grey market premium (GMP) has risen to around 20%, compared with 15% earlier, indicating strong market expectations ahead of the close of the subscription window.

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