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RBZ Jewellers IPO subscription rate reaches 24.74 times



The initial public offering (IPO) of RBZ Jewellers saw significant demand during the final day of bidding. The IPO, which opened for subscription on Tuesday (December 19), received a favourable response from retail and non-institutional investors (NIIs), achieving full subscription on the first day.RBZ Jewellers IPO receives strong demand during the final day of bidding, with subscription rate reaching 24.74 times for retail investors and 9.27 times for non-institutional investors.


The robust demand from the retail and non-institutional investors' segments persisted during the second day of bidding. On the third day (December 21), the portion reserved for qualified institutional buyers (QIBs) garnered a substantial 13.43 times subscription, in contrast to the subdued response during the previous days of the issue.


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