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Shankesh Jewellers IPO closes 2.8x subscribed; retail tranche sees 2.42x demand

Mumbai-based B2B gold jewellery retailer Shankesh Jewellers’ IPO closed 2.8 times subscribed. It plans to use fresh-issue proceeds for debt repayment, working capital and general corporate purposes; retail investors subscribed 2.42 times.

Newer report , , CNBC-TV18 : Shankesh Jewellers’ Q1 profit more than doubles as revenue rises 55%

Read next

  1. Shankesh Jewellers lists at 11.08% premium on NSE, , Mint
  2. Shankesh Jewellers opens ₹367 crore IPO at ₹88–93 per share, , Business Today

07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

Shankesh Jewellers IPO subscribed 2.80x
NII portion subscribed 5.68x
QIB portion subscribed 1.32x
Shankesh price band ₹88-93
Shankesh fresh issue ₹274 crore
Shankesh anchor investment ₹110.15 crore
Sunshine Pictures IPO subscribed 105.81x
Sunshine Pictures issue size ₹282 crore

Other figures

  • Shankesh OFS ₹93 crore

The source

Source Read the source at The Hindu BusinessLine

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