Manoj Vaibhav IPO gets 2.25 times bids

Mumbai The ₹270-crore initial public offering of jewellery chain Manoj Vaibhav Gems 'N' Jewellery was subscribed 2.25 times on Tuesday, the final day of bidding. The retail investors' segment was subscribed 1.66 times, while the non-institutional investor portion was subscribed 5.18 times. The qualified institutional buyers' portion was subscribed 1.06 times.