Bhakti Gems and Jewellery IPO Subscribed 2.67 times

By Jagat Joshi
May 23, 2017
6:35 am
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By Jagat Joshi
May 23, 2017

Bhakti Gems and Jewellery BSE SME IPO hit the market on May 17 and closed on May 22. The IPO got good subscription with 2.67 times overall. It got 52,44,000 Bids Against 19,62,000 Bids. The IPO was subscribed on the day 2 and it shows how much investors are eager to subscribe for this IPO.

Bhakti Gems and Jewellery might get good listing as the market speculations are high for this IPO. As the grey market premium is not active one might take it as risk but still the subscription is good one might hope for good listing.

Bhakti Gems and Jewellery IPO is worth Rs.3.92 crore and IPO price band is Rs.20 with market lot of 6000. The minimum subscription amount is Rs.1,20,000 so the risk is higher.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.