New Delhi, June 4 -- SMR Jewels IPO, which closed for subscription on Wednesday, is all set to finalise allotment on Thursday, 4 June. The SME IPO had opened for bidding on 26 May.

The Rs.63.74-crore IPO garnered a subscription of 1.09 times during the bidding period from May 26 to June 3, with investors placing bids for 54.12 lakh shares against the offered 49.8 lakh shares through 402 applications.

After witnessing weak demand during the first three days of the issue until May 29, the company extended the subscription window by an additional three days, up to June 3. It also revised the price band downward to Rs.125-128 per share from the earlier range of Rs.128-135 per share.

Qualified institutional buyers were the most booked segme...