The non-institutional investors (NIIs) portion was subscribed 3.78 times as of 1 pm, while the qualified institutional buyers (QIBs) subscribed to the issue 0.46 times. The RBZ Jewellers IPO will close on December 21, Thursday. Ahead of the launch, the company has raised Rs 21 crore from anchor investors.
RBZ Jewellers IPO witnesses strong demand from retail and non-institutional investors during the second day of bidding. The IPO garnered bids for 5,63,65,650 shares on the second day against the total offering of 79,00,000 shares, resulting in an overall subscription rate of 7.13 times.
RBZ Jewellers IPO s Non Institutional Investors (NIIs) portion was subscribed 0.16 times as of 1 pm while the qualified institutional buyers were yet to subscribe to the issue. The RBZ Jewellers IPO will close on December 21, Thursday.
RBZ Jewellers IPO: RBZ Jewellers has priced its public offer in the range of Rs 95-100 and at the upper end, it plans to raise Rs 100 crore. About 50% of the offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIBs), 15% for non-institutional bidders and 35% for retail investors.