After Bumper Response to IPO, Motisons Jewellers Shares List at 98% Premium Over Issue Price

Following a resounding IPO, Motisons Jewellers saw a 98% premium for its shares to list on the NSE above the issue price. The NSE saw the stock launch for Rs 109, compared to the offer price of Rs 55. On the BSE, however, it made its debut at a premium of 89%, at Rs 103.9. The issue generated a lot of excitement among investors, as seen by the stock's GMP. Since the IPO was announced, the premium in the unlisted market has constantly exceeded the issue price by 100%. Motisons Jewellers' Rs 151-crore initial public offering (IPO) garnered 47.44 lakh applications, making it the third-highest number of applications ever received for an IPO, behind Tata Tech's 75 lakh and LIC's 50 lakh applications. Motisons Jewellers IPO: Here's How You Can Check Your Allotment Status.

Motisons Jewellers Shares List at 98% Premium

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