Priority Jewels is now moving towards the allotment stage after receiving exceptionally strong investor demand. The IPO was subscribed by around 100 times, making it one of the closely watched recent public issues.
The basis of allotment is expected today, September 2. Grey-market indications currently suggest a possible listing gain of around 14%, although this remains unofficial and is not a guarantee of actual listing performance.
Investors who applied for the IPO can check the allotment status through the registrar and stock-exchange platforms once the allotment process is completed. The company’s shares are tentatively scheduled to list on September 4.
