M K Sons Fine Jewels stock dips to ₹162 after 6% premium listing on BSE
On the NSE, the stock debuted at ₹171, registering a 5.5% premium over the issue price
M K Sons Fine Jewels, a Mumbai and Ahmedabad-based retailer of gold, diamond, and CZ jewellery, witnessed a 6% premium on its debut trading day on the BSE. The company's shares listed at ₹171.60, above the IPO price of ₹162 per share. Following the listing on the NSE, the stock dipped to ₹162. The IPO, valued at ₹275.4 crore, saw an overall subscription of 5.09 times, with non-institutional investors leading the demand. The company intends to use the fresh capital for expanding its showroom network and managing debts.
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- M.K. Sons Fine Jewels shares list at 6% premium over IPO price economictimes.indiatimes.com
