Shares of Motisons Jewellers Ltd were listed on Tuesday with a substantial premium of more than 98% compared to the issue price of INR 55.
The stock premiered at INR 103.90, marking an 88.90% increase from the issue price on the BSE. Subsequently, it surged by 98.34% to reach INR 109.09.
At the NSE, the stock was listed at INR 109, indicating a significant surge of 98.18%.
The company’s market capitalization stood at INR 994.30 crore during the early trade.
Motisons Jewellers’ public offering garnered an impressive subscription rate of 159.61 times on the final day of the share sale on Wednesday.
The INR 151-crore initial share sale of the Jaipur-based retail jeweller company had a price range of INR 52-55 per share.
The public offering consisted entirely of a fresh issue of 2.74 crore equity shares, with no Offer For Sale (OFS) component.
