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The Economic Times

Business

Ritesh Presswala

Priority Jewels shares list at 15% premium over IPO price. Check details

Priority Jewels GMP IPO NIIs QIBs

Priority Jewels shares made their D-Street debut on Friday, September 4, listing at a premium of 15% over the issue price. The stock opened at Rs 230 apiece, up 15% from the IPO price of Rs 200. On the BSE, Priority Jewels shares debuted at Rs 252.20 apiece, marking a 26.10% premium.

The listing was broadly in line with unlisted market expectations. The stock’s grey market premium (GMP) stood at around Rs 28 per share ahead of the listing. Based on the GMP, the stock was estimated to list at around Rs 228, compared with the IPO price of Rs 200, implying a potential gain of nearly 14%.

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