Priority Jewels IPO: Issue subscribed over 10x on Day 2 so far; GMP stands at 22%

Priority Jewels' IPO got subscribed 10.9 times by 11:00 am on August 31. The Rs 91.5-crore issue saw strong interest from retail and non-institutional investors. With the price band set at Rs 200 per share, the grey market premium showed a potential listing gain of 22.5 percent for the company.