Shares of Nityas Gems and Jewellery made a positive debut on the stock exchanges on October 8, listing at a premium of around 9 percent on the BSE over the company's initial public offering (IPO) price.
The stock listed at Rs 82 per share on the BSE, marking a 9.33 percent premium over its IPO price of Rs 75. On the NSE, Nityas Gems and Jewellery shares made their debut at Rs 80, representing a 6.67 percent premium over the issue price.
Following the listing, the company's market capitalisation stood at around Rs 472.26 crore.
The stock's debut came in higher than the grey market indication ahead of listing. Nityas Gems and Jewellery's IPO was commanding a grey market premium (GMP) of nearly 1 percent on the morning of October 8, according to InvestorGain.
The GMP is an unofficial indicator of investor sentiment in the unlisted market and is not regulated by stock exchanges. It can change before listing, and the actual listing price may differ from the price implied by the GMP.