Motisons Jewellers makes blockbuster debut, shares list at 98% premium
Shortpedia
Content Team
Image Credit: equitypamdit
Motisons Jewellers, a family-owned jewelry retail company based in Jaipur, made a blockbuster entry in the stock market on December 26. The stock opened at Rs. 109 against the IPO price of Rs. 55, giving a 98% return to its investors. The company's Rs. 151 crore public issue was subscribed 159.61 times. High net-worth individuals picked 233.91 times the allotted quota, qualified institutional buyers 157.40 times and retail investors 122.28 times.
