Tuesday, May 23, 2017

Bhakti Gems and Jewellery IPO Subscribed 2.67 times

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.