Goenka Diamonds and Jewels Limited had tapped the capital market with its IPO which opened on Tuesday the 23rd of March and closed on Friday the 26th of March. The issue was for 1 crore shares in a price band of Rs 135-145. The issue managed to get subscribed by 1.07 times.
What is interesting to note is that the issue was subscribed much earlier and on the second day itself had received decent support. The QIB portion was subscribed but that appears to have reduced because of withdrawals. The final QIB portion of 50% of the issue remained undersubscribed and received a support for 78% of the reservation. It is also worth mentioning and highlighting that not a single application was received from any FII.
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