The non-institutional investors (NIIs) subscribed to the issue 8.23 times while the quota reserved for qualified institutional buyers (QIBs) was booked at just 3%. In all, 2.5 lakh share bids were received from QIBs around this time against 58,98,528 shares available for booking.
Gold prices rise for 3rd straight week, hit 3-month high. Can bullion reclaim $5,500 peak?
Gold rose 5% this week to nearly $4,603, marking its third consecutive weekly gain, supported by a weaker US dollar, Treasury bond buybacks and expectations