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Nityas Gems & Jewellery debuts around 9% above IPO price
The IPO raised ₹108.42 crore, and the stock opened at ₹82 on the BSE after listing on October 8.
Nityas Gems & Jewellery made a positive debut on the stock exchanges on October 8, listing on the BSE at ₹82 per share, about 9.33% above its ₹75 IPO price, according to LiveMint Markets.
On the NSE, the shares debuted at ₹80, or 6.67% above the issue price, and the stock was later locked in a 5% upper circuit while trading more than 14% higher.
The company sells lab-grown diamond-studded gold jewellery, and it raised ₹108.42 crore through its IPO, selling 1.4456 crore equity shares with a face value of ₹5 each.
LiveMint Markets reported the IPO price band was ₹70 to ₹75, with a lot size of 200 shares, and issue proceeds were slated for working capital requirements and general corporate purposes.
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