New Delhi, Feb. 26 -- PNGS Reva Diamond Jewellery IPO: The initial public offering (IPO) of PNGS Reva Diamond Jewellery, which opened for subscription on Tuesday, February 24, witnessed lacklustre demand for the company shares. However, the IPO managed to sail through on the last and final day of bidding.

At the end of the third day of the bidding process, PNGS Reva Diamond Jewellery IPO received bids for 70,31,776 shares against the total offer of 57,06,235 shares, resulting in an overall subscription of 1.23 times, according to exchange data.

Among the investor categories, the employee segment showed strong interest in the issue, with the portion reserved for employees oversubscribed 6.74 times at the end of the final day. The NII and...