New Delhi, June 23 -- The initial public offering (IPO) of Advit Jewels witnessed strong demand from both retail and non-institutional investors on its opening day of bidding on June 23.

The IPO, which will remain open for subscription until June 25, received bids for 9.45 crore shares against the 83.79 lakh shares on offer, resulting in an overall subscription of 11.28 times by the end of Day 1, according to exchange data.

Among the investor categories, the retail portion attracted the highest interest, getting subscribed 27 times, followed by the non-institutional investors (NII) segment at 24 times. The qualified institutional buyers (QIB) portion was also fully subscribed.

The Rs.165.16-crore IPO, valued at the upper end of the pri...