New Delhi, May 12 -- Shares of Manoj Jewellers IPO made a flat debut on the bourses on Monday, May 12, as they listed at Rs.53.95 on BSE SME, a discount of 0.09 per cent to the issue price of Rs.54.

The SME IPO, valued at Rs.16.20 crore, was open for subscription from May 5 to May 7. The public offer was priced at Rs.54 per share.

Following the three days of bidding, Manoj Jewellers' IPO closed with weak demand, garnering just 1.14 times bids. The IPO received bids for 32.44 lakh shares against 28.48 lakh shares on offer. The retail investor segment saw a subscription of 1.01 times, while the non-institutional investors (NII) category was booked 1.27 times.

Manoj Jewellers IPO was entirely a fresh issue of 30 lakh shares with no offer-...