Nityas Gems & Jewellery IPO hits 20% subscription on day 2
In short
Nityas Gems & Jewellery’s ₹108.35-crore IPO was 20% subscribed on day 2, and the grey market premium was 7%. Anand Rathi said investors can subscribe for the long term.
This matters because demand is still early and the market is watching interest in the issue. The final subscription, allotment, and listing result are not stated yet.
What the reporting says
The ₹108.35-crore Nityas Gems & Jewellery IPO entered day 2 of bidding with 20% overall subscription and a 7% grey market premium. Brokerage Anand Rathi assigned a Subscribe for Long Term rating, citing exposure to lab-grown diamond jewellery despite fully priced valuations. The excerpt does not state final allotment, listing date, or final issue response.
Why it matters
The Nityas Gems & Jewellery IPO was in day 2 of bidding with 20% overall subscription and a 7% grey market premium, according to the publisher summary. Anand Rathi gave it a Subscribe for Long Term rating, pointing to exposure to lab-grown diamond jewellery despite valuations being described as fully priced. The excerpt does not provide the final subscription outcome or listing details.