Priority Jewels IPO Day 3: GMP hints at 23% listing gain, issue subscribed 21 times. Should you subscribe?

Priority Jewels IPO entered its final day of bidding with the issue subscribed 21.23 times on Day 2, led by strong retail and NII demand. The IPO is also commanding a 23% GMP, indicating expectations of a potentially healthy listing gain, while Anand Rathi has assigned a “Subscribe for Long Term” rating, citing the company’s established customer base and growth opportunities.