Priority Jewels Makes Sparkling Market Debut With 15% Listing Gain, Shares Hit Upper Circuit As Investor Demand Shines
New Delhi: Priority Jewels shares made a strong stock market debut on Friday, September 4, listing at a premium of up to 15% over the IPO price before extending gains to hit the upper circuit on both exchanges. The Priority Jewels share price opened at Rs 230 on the NSE , delivering a 15% listing gain over the issue price of Rs 200. On the BSE , Priority Jewels shares debuted at Rs 225.20,…
New Delhi witnessed a remarkable debut for Priority Jewels on September 4, as the company's shares soared on the stock market. The IPO opened at Rs 230 on the National Stock Exchange (NSE), marking a 15% increase over the issue price of Rs 200. On the Bombay Stock Exchange (BSE), Priority Jewels shares launched at Rs 225.20, representing a premium of 12.6%.
Momentum continued to build after the listing, with the stock climbing to the upper circuit, reaching Rs 241.50 on the NSE and Rs 236.45 on the BSE. This represented gains of 20.75% and 18.23% respectively over the IPO price. Following the strong opening, Priority Jewels' market valuation reached Rs 434.70 crore on the NSE and Rs 425.61 crore on the BSE.
The IPO was subscribed 100.45 times in its final bidding day, indicating a robust investor appetite for the public offering.
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