New Delhi, Sept. 1 -- Priority Jewels IPO has entered its last day of bidding on Tuesday, 1 September. The mainboard IPO opened for bidding on Friday, 28 August and will close today.

The issue has received strong response from investors so far by subscribing over 21.23 times on the second day of bidding. The Priority Jewels IPO price band has been set at Rs.190- Rs.200 per share.

The IPO is currently commanding a grey market premium (GMP) of Rs.45. Based on the upper end of the price band and the prevailing GMP, the estimated listing price is Rs.245 per share, implying a potential premium of 22.50% over the issue price of Rs.200.

Recent grey market trends over the past nine sessions indicate that the IPO's GMP has moved higher, signall...