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The Economic Times

Business

Ritesh Presswala

Strong Start! Deepa Jewellers shares list at 25% premium over IPO price

Deepa Jewellers GMP Company IPO

In a strong debut on Dalal Street, shares of Deepa Jewellers listed at 25% premium over IPO price on Tusday. The stock opened at Rs 221.05 on the BSE and Rs 221 on the NSE.

The Rs 459.72 crore IPO was priced at Rs 177 per share and comprised a combination of a fresh issue and an offer for sale (OFS). The fresh issue raised Rs 250 crore, while the OFS component amounted to Rs 209.72 crore, involving the sale of 1.18 crore shares.

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