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Nitya Gems & Jewellery lists at 9.33% premium on BSE; Vishal Nirmiti debuts at a 2.27% discount
Nitya Gems & Jewellery listed on 8 October at Rs 82 on BSE, a 9.33 per cent premium to its Rs 75 issue price, after raising Rs 108 crore in an IPO subscribed 2.26 times. Vishal Nirmiti listed at a 2.27 per cent discount.
The numbers
Figures from Business Today,
| Nitya Gems NSE listing premium: | 6.67 per cent |
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Why it matters to operators and investors
Nitya Gems & Jewellery listing at Rs 82 against a Rs 75 issue price shows the public market will fund a jewellery retailer, but the 2.26 times subscription points to selective rather than exuberant demand.
What to watch next
- Nitya Gems closing below the Rs 75 issue price on BSE or NSE within the first weeks
- Whether the Rs 82 listing price holds as support in the first sessions
- Trading volumes and delivery share for Nitya Gems after listing day
- Vishal Nirmiti recovering to its issue price or extending its 2.27% discount
- First quarterly results or management commentary from Nitya Gems