The allotment for Nityas Gems & Jewellery and Vishal Nirmiti IPOs is scheduled for October 6, with both companies expected to list on BSE and NSE by October 8, according to livemint.com. Nityas Gems & Jewellery's IPO was subscribed 2.25 times overall, while Vishal Nirmiti's IPO saw a 1.71 times subscription, reflecting varying investor interest levels.
Nityas Gems & Jewellery's retail portion received the strongest response, with a subscription rate of 4.04 times, followed by Non-Institutional Investors (NII) at 2.05 times, and Qualified Institutional Buyers (QIB) at 1.06 times. Vishal Nirmiti's NII category recorded the highest subscription at 1.81 times, followed by retail investors at 1.67 times and QIBs at 1.27 times, highlighting different investor preferences across categories.
The subscription rates indicate a healthier demand for Nityas Gems & Jewellery compared to Vishal Nirmiti, with the former's shares trading at a ₹1 premium in the grey market. This differential suggests stronger market confidence in Nityas Gems & Jewellery's offering, which could influence the initial trading performance on the stock exchanges.
The IPO allotment finalization on October 6 will determine the exact share distribution among investors, with the listing on BSE and NSE expected on October 8. Market participants will closely watch the listing day to assess the performance of both IPOs in the secondary market.