Jaipur-based Advit Jewels' IPO is seeing massive investor interest, subscribed over 20 times on day two with a strong grey market premium. The Rs 165 crore issue, entirely a fresh offering, aims to bolster working capital and repay debt. Analysts recommend subscribing, citing robust growth and profitability, though gold price volatility remains a concern.
Advit Jewels' IPO has been subscribed over 20 times on day two, indicating strong investor interest. The Rs 165 crore fresh issue aims to fund working capital and repay debt. Analysts recommend subscribing, anticipating significant listing gains with a grey market premium…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.