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Priority Jewels lists at up to 15% premium, hits upper circuit on debut
Jewellery retailer Priority Jewels debuted at a 12.6-15% premium and hit upper circuits after its ₹91.50-crore IPO drew 100.45 times subscription. Brokerage Swastika Investmart maintained a neutral view, citing customer concentration and returns below peers.
- NSE listing premium to IPO price15%
- BSE listing premium to IPO price12.6%
Reported figures
From the report. Source details below
| Priority Jewels listed at ₹200 on NSE, | 15% premium |
|---|---|
| Upper circuits: | ₹236.45 on BSE and ₹241.50 on NSE |
| NII subscription: | 166.49 times; retail: 106.76 times; QIB: 39.87 times |
| Anchor raise: | ₹27.5 crore |
| IPO price band: | ₹190-200 per share |
| Fresh issue: | up to 45.75 lakh equity shares |
Also in the report
- Priority Jewels listed at ₹225.20 on BSE, 12.6% above IPO price