Priority Jewels is witnessing strong investor interest as its IPO moves towards the final stage of subscription. On Day 2, the issue had already been subscribed more than 15 times, reflecting strong demand.
The grey market has also indicated a premium of around 23%, although investors should remember that GMP is unofficial and can change significantly before listing.
The final subscription figures will now be important in determining overall investor participation. The IPO is scheduled to list on September 4, according to the current IPO calendar.
