Nityas Gems and Jewellery Ltd. makes a strong debut on the bourses with scrip got listed at Rs 82.00 on the Bombay Stock Exchange, a 9.33 per cent premium to its issue price of Rs 75.00. On the National Stock Exchange, the stock was listed at Rs 80.00.
The company, which raised 1.45 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 144.56 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Sep 30 to Oct 05.
Following a strong opening, the scrip touched an intraday high of Rs 86.09 and a low of Rs 77.91, before closing the session up by 12.20 per cent to its listing price at Rs 84.15 on the BSE.
The company anticipates using the proceeds of the issue for .
Choice Capital Advisors Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 71,593.24, down 1,045.46 points, or 1.43 per cent.