Shares of Jaipur-based handcrafted jewellery maker Advit Jewels made a blockbuster debut on Wednesday, listing at a premium of up to 36% over their issue price. The stock opened at Rs 188.90 apiece on the NSE, a 36.8% premium over the issue price of Rs 138. On the BSE, it debuted at Rs 187, marking a 35.5% premium over the IPO price.
The listing was in line with unlisted market expectations. The grey market premium (GMP) on the stock hovered around Rs 50 ahead of the listing, implying a premium of nearly 36% over the upper issue price.
