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The Economic Times
The Economic Times
Business
Ritesh Presswala

Nityas Gems & Jewellery IPO Day 2: Check GMP, subscription status; should you subscribe?

GMP IPO Anand Rathi

Nityas Gems & Jewellery IPO entered the second day of bidding on Thursday, with the Rs 108.35-crore public issue continuing to attract investor interest. The three-day bidding period will close on October 5. In the grey market, the IPO is currently commanding a premium of Rs 5, or 7%, over the upper end of its price band.

On the first day of bidding, the issue was subscribed 20% overall against the 1.44 crore shares offered. The retail investor portion saw stronger demand, with the category subscribed 52% against the 50.24 lakh shares reserved for retail investors.

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