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The Economic Times
The Economic Times
Business
Ritesh Presswala

Lalithaa Jewellery Mart shares shine on debut, list at 32% premium over IPO price

Lalithaa Jewellery Mart Lalithaa Jewellery GMP Lalithaa IPO NSE

Shares of Lalithaa Jewellery Mart made a dazzling Dalal Street debut on Monday, listing at a 32% premium over IPO price. The stock opened at Rs 265 on the BSE & NSE, as compared to its issue price of Rs 201.

The Rs 1,700-crore IPO, which opened for subscription on August 17 and closed on August 19, drew an exceptional response, with the issue subscribed 62.97 times overall. Investors placed bids for a substantial portion of the 6.27 crore shares on offer.

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