Gitanjali Gems public issue subscribed 15.35 times

Gitanjali Gems initial public offering which opened on February 16 and closed on February 21 has evoked good response with the issue subscribed by 15.35 times. The Qualified Institutional Bidders (QIBs) portion was subscribed for 19.2679 times, Non Institutional Investors portion at 16.4101 times, Retail Individual Investors portion at 9.6720 times and employees quota got subscribed for 1.0491 times.

Source : Equity Bulls

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