Vaibhav Jewellers IPO | Its shares were available at around 3-5 percent premium over the issue price, in the grey market, an unofficial platform for trading in IPO shares till the listing, analysts on anonymity said.
The initial public offer of Vaibhav Jewellers, which opened on Friday, was fully subscribed on the last day of the bidding process. The overall subscription stood at 1.3 times on Day 3. The NII portion was subscribed the most at 2.3x, followed by the retail category at 1.21x. The part reserved for qualified institutional buyers was booked 68%.