Shankesh Jewellers IPO was subscribed 2.8 times on the final day of bidding, with investors placing bids for 7.74 crore shares against the 2.76 crore shares on offer, according to NSE data. In the grey market, the IPO is currently commanding a 3% premium, indicating expectations of a modestly positive or flat listing.
On Day 2, the issue was subscribed 94% overall. The retail investor portion witnessed stronger demand, with subscription reaching 1.13 times the shares reserved for that category.
