IPO of Manoj Vaibhav Gems N Jewellers Ltd was subscribed 13 per cent on the first day of subscription on Friday. The IPO received bids for 12,22,128 shares against 91,20,664 shares on offer, as per NSE data.
The category for retail individual investors was subscribed 25 per cent while the portion for non-institutional investors received 5 per cent subscription. The IPO has a fresh issue of up to Rs 210 crore and an offer for sale of up to 28,00,000 equity shares.
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