December 21, 2023
Stocks

RBZ Jewellers IPO Day 3: What GMP, subscription status suggest as bidding concludes in a few hours

RBZ Jewellers IPO GMP: Shares of the jewellery brand are trading at a premium of ₹32 in the grey market today, according to market observers. The initial public offering (IPO) of RBZ Jewellers Limited opened for subscription on December 19, 2023, and will remain open until December 21, 2023. In two days of bidding, RBZ Jewellers IPO subscription status indicates a strong response from investors. Despite a significant sell-off in the secondary market on Wednesday, RBZ Jewellers IPO grey market premium (GMP) has remained steady at ₹32, reflecting investors' confidence in the IPO. Observers note that the stability in GMP signals strong conviction among investors regarding the RBZ Jewellers IPO. In the grey market, RBZ Jewellers shares continue to exhibit strength, trading at a premium of ₹32 today.

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