Highlights

  • Motisons Jewellers stock skyrockets over 98% in debut trade
  • The stock made its debut at Rs 103.90
  • Public issue was entirely a fresh issue of 2.74 crore equity shares

Latest news

 Ferrari stolen from Formula 1 driver in 1995 found nearly 30 years later

Ferrari stolen from Formula 1 driver in 1995 found nearly 30 years later

Indian killed in Hezbollah strike in Israel: media reports

Indian killed in Hezbollah strike in Israel: media reports

Gurugram: 5 people cough blood after eating mouth freshener at restaurant

Gurugram: 5 people cough blood after eating mouth freshener at restaurant

B Sai Praneeth retires from international badminton

B Sai Praneeth retires from international badminton

Ashwin not afraid of trying new things, that's why he has survived so long: Pujara

Ashwin not afraid of trying new things, that's why he has survived so long: Pujara

Rahul Gandhi's Adani jibe at BJP's 'Modi ka parivaar' campaign

Rahul Gandhi's Adani jibe at BJP's 'Modi ka parivaar' campaign

Alia Bhatt shares an adorable moment with Raha as she debuts daughter's face on Instagram, check out

Alia Bhatt shares an adorable moment with Raha as she debuts daughter's face on Instagram, check out

Big relief for Donald Trump, US Supreme Court allows his name on presidential ballot

Big relief for Donald Trump, US Supreme Court allows his name on presidential ballot

Motisons Jewellers' stock surges over 98% in debut trading

Motisons Jewellers' initial public offer was subscribed a whopping 159.61 times on the last day of share sale on Wednesday

Motisons Jewellers' stock surges over 98% in debut trading

Motisons Jewellers Ltd saw an exceptional market entry on Tuesday, debuting with an astounding premium of over 98% against its issue price of Rs 55.

The stock soared on the BSE, opening at Rs 103.90, an 88.90% surge from its issue price, later climbing further to Rs 109.09, marking a significant 98.34% increase. Similarly, at the NSE, it began trading at Rs 109, reflecting an impressive 98.18% leap.

Also read/watch - Gold, Silver Rates today December 26, 2023: Check Prices in Mumbai, Delhi, Chennai

During early trading, the company commanded a market valuation of Rs 994.30 crore. This surge comes after Motisons Jewellers' initial public offering received an overwhelming response, with a subscription rate of 159.61 times on the closing day of the share sale last Wednesday.

The IPO, amounting to Rs 151 crore, solely comprised a fresh issue of 2.74 crore equity shares, devoid of an Offer For Sale (OFS) component. Headquartered in Jaipur, this retail jeweler company garnered substantial investor interest within the market.


Up Next

Motisons Jewellers' stock surges over 98% in debut trading

Motisons Jewellers' stock surges over 98% in debut trading

RBI approves interoperable payment system to boost digital transactions

RBI approves interoperable payment system to boost digital transactions

RBI halts IIFL Finance's gold loan operations over regulatory concerns

RBI halts IIFL Finance's gold loan operations over regulatory concerns

Sensex and Nifty reach new peaks, extend 4-day rally

Sensex and Nifty reach new peaks, extend 4-day rally

Tata Motors to spin-off business into two separate listed entities, demerger to take 12-15 months

Tata Motors to spin-off business into two separate listed entities, demerger to take 12-15 months

Majority of customers say they will drop UPI payment method if a transaction fee is charged: Survey

Majority of customers say they will drop UPI payment method if a transaction fee is charged: Survey

More videos

54% of stock market investors belong to these 6 states

54% of stock market investors belong to these 6 states

Delhi's per capita income 2.5 times higher than national average: Finance Minister Atishi

Delhi's per capita income 2.5 times higher than national average: Finance Minister Atishi

Luxury flats sale soars: Signature Global sells 1,008 luxury flats in Gurugram for Rs 3,600 crore

Luxury flats sale soars: Signature Global sells 1,008 luxury flats in Gurugram for Rs 3,600 crore

Moody's raises India's 2024 GDP growth estimate to 6.8% from earlier forecast of 6.1%

Moody's raises India's 2024 GDP growth estimate to 6.8% from earlier forecast of 6.1%

Monday's market opening: Nifty hits record high, Sensex rises 178 points

Monday's market opening: Nifty hits record high, Sensex rises 178 points

Gold, Silver Price Today March 04, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today March 04, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Paytm Payments Bank may face loss of banking license: Report

Paytm Payments Bank may face loss of banking license: Report

Japan's Nikkei surpasses 40,000 points for first time

Japan's Nikkei surpasses 40,000 points for first time

Info Edge apps restored on Google Play amidst government assurance

Info Edge apps restored on Google Play amidst government assurance

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.