PC Jeweller Share Price, Premium Over 7%

PC Jeweller has made a good debut and currently trading at Rs 144.85, up by 9.85 points or 7.30%, from its fixed issue price of Rs 135 on the BSE.

The scrip opened at Rs 135.50 and has touched a high and low of Rs 145.45 and Rs 135.50 respectively. So far 1,04,81,989 shares were traded on the counter.

The IPO attracted bids for over 26 crore shares against 4.51 crore shares on offer, translating to 6.79 times subscription. The Qualified Institutional Buyers (QIBs) portion was subscribed 5.24 times, while non institutional investors received 2.97 times subscription.

PC Jeweller is one of the leading jewellery companies in India in the organized jewellery retail sector. Its operations include the manufacture, retail and export of jewellery. [Via]

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