New Delhi, Feb. 24 -- The initial public offering (IPO) of PNGS Reva Diamond Jewellery, which opened for subscription today, February 24, received a healthy response from investors. By the end of the day, the issue was subscribed 0.59 times, with 33.83 lakh shares bid for against the 57.06 lakh shares on offer.

The employee segment showed strong interest in the issue, with the portion reserved for employees oversubscribed 3.68 times at the end of the first day. The NII and QIB segments were subscribed 0.07 times and 0.92 times, respectively, according to exchange data. The retail segment was booked 0.37 times.

The company is looking to raise Rs.380 crore during the bidding period, which is entirely a fresh issue of 0.98 crore shares. Th...