Goenka Diamonds and Jewels received an encouraging response for its initial public offer (IPO) which opened on March 24, 2010 and closed on March 26, 2010. The offer was oversubscribed on the first day itself. Of the one crore equities on offer, the IPO received bids for 1.65 crore shares, hence being subscribed 1.65 times, as reported in a leading financial media. The Rs 145-crore IPO, including 10 million shares of face value of Rs. 10 each in the price band of Rs.135 – Rs.145 per share. %% The segment of qualified institutional buyers (QIBs) of Goenka Diamond was subscribed 1.07 times, and bids were received for 5.34 million shares, as against 5 million shares on offer, reports add. Also, as reported, all bids in this segment came from domestic financial institutions, while the non-institutional and retail sections were subscribed 0.64 times and 0.04 times, respectively. %% Reports add that the IPO will constitute about 30.93 % of the fully diluted post issue paid up capital of the company.