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Shankesh Jewellers IPO draws 1.66x bids; GMP signals a modest 1.08% listing gain
Shankesh Jewellers’ IPO was subscribed 1.66 times, with a ₹1 grey-market premium implying a 1.08% potential listing gain. Among four open IPOs, Tempsens Instruments showed the strongest GMP at ₹232, versus ₹78 for Sunshine Pictures and ₹24 for Gaja.
Newer report , , Mint : Shankesh Jewellers hits ₹116 record high, up 18% intraday
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Reported figures
From the report. Source details below
| Shankesh Jewellers price band: | ₹88-₹93 |
|---|---|
| Shankesh Jewellers subscription: | 1.66x as of 14:09 IST |
| Shankesh Jewellers issue: | 2.95 crore fresh shares plus 1 crore OFS shares |
| Tempsens Instruments GMP: | ₹232; implied listing gain: 77.33% |
| Sunshine Pictures GMP: | ₹78; implied listing gain: 21.67% |
| Gaja Alternative Asset Management GMP: | ₹24; implied listing gain: 15% |
The source
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