New Delhi, July 7 -- Shares of Pushpa Jewellers made a weak debut on the bourses on Monday, July 7, listing at Rs.112 on NSE SME, a discount of 23.81 percent from its IPO price of Rs.147.

The SME initial public offering (IPO), with a total issue size of Rs.98.65 crore, was open for bidding from June 30 to July 2. The offering received a decent overall response from investors, closing with a subscription of 2.46 times.

During the three-day subscription window, the IPO garnered bids for 1.33 crore shares against the 54.19 lakh shares available. The retail investor category led the enthusiasm, subscribing 3.71 times their allotted quota. The non-institutional investor (NII) segment also showed strong participation, with a 2.51 times subscr...