The stock made its debut at Rs 103.90, up 88.90% from the issue price on the BSE. Later, it zoomed 98.34% to Rs 109.09
New Delhi: Shares of Motisons Jewellers Ltd on Tuesday listed with a huge premium of over 98% against the issue price of Rs 55.
The stock made its debut at Rs 103.90, up 88.90% from the issue price on the BSE. Later, it zoomed 98.34% to Rs 109.09.
At the NSE, the stock listed at Rs 109, reflecting a sharp jump of 98.18%.
The company’s market valuation stood at Rs 994.30 crore during the early trade.
Motisons Jewellers’ initial public offer was subscribed a whopping 159.61 times on the last day of share sale on Wednesday.
The Rs 151-crore initial share sale of the Jaipur-based retail jeweller company had a price range of Rs 52-55 a share.
The public issue was entirely a fresh issue of 2.74 crore equity shares with no Offer For Sale (OFS) component.
