Nityas Gems IPO reaches day 2 with 20% subscription
In short
The Nityas Gems & Jewellery IPO was on day 2 of bidding, and it was 20% subscribed. The grey market premium was 7%, and Anand Rathi rated it Subscribe for Long Term.
This suggests some early interest, but not strong demand yet. The final response from investors is still unknown.
What the reporting says
The Nityas Gems & Jewellery IPO entered day 2 of bidding with 20% overall subscription and a 7% grey market premium, according to a publisher-supplied market summary. Anand Rathi also gave the issue a Subscribe for Long Term rating, citing exposure to lab-grown diamond jewellery despite fully priced valuations. The immediate takeaway is limited early demand; the final subscription outcome is not stated in the available reporting.
Why it matters
The Nityas Gems & Jewellery IPO was in its second day of bidding with 20% subscription and a 7% grey market premium, based on a market summary. Anand Rathi’s Subscribe for Long Term view cited the company’s exposure to lab-grown diamond jewellery, while noting fully priced valuations. The source does not state the final issue size outcome, listing date, or whether demand improved later.