The Priority Jewels IPO enters Day 2 of bidding today, with the three-day offer set to close on September 1. The issue received strong demand on Day 1, while its grey market performance has added to investor interest. The IPO is currently commanding a grey market premium (GMP) of 23%, signalling the possibility of a healthy listing gain if the trend holds.
The issue was subscribed 1.93 times on the opening day, with bids received for 61.80 lakh shares against 32.05 lakh shares on offer. Retail investors led the demand, with their portion subscribed 3.07 times.
