The IPO received a muted response, and it was subscribed to only 2.25 times. This could be due to a number of factors, including the high IPO price, the company’s relatively small size, and the competitive jewelry market. Overall, the listing of Manoj Vaibhav Gems and Jewels was in line with expectations. Investors who received allotments in the IPO should consider exiting their position,” said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more: