Shares of Lalithaa Jewellery Mart on Monday ended with a premium of nearly 24 per cent against the issue price pf ₹201.
The stock started trading at ₹265.30, up 31.99 per cent from the issue price on the BSE. During the day, it surged 36.46 per cent to ₹274.30. Shares of the firm ended at ₹248.40, registering a jump of 23.58 per cent.
At the NSE, the stock listed at ₹265, a premium of 31.84 per cent. It ended at ₹248.44, up 23.60 per cent.
The company's market valuation stood at ₹13,903.19 crore.
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The initial public offer of Lalithaa Jewellery Mart received 62.97 times subscription on the final day of bidding on Wednesday last week.
The jewellery retailer has raised ₹508 crore from anchor investors, including Goldman Sachs, ICICI Prudential Mutual Fund and Bandhan Mutual Fund.
The price band for the offer was fixed at ₹190-201 per share.
{{/usCountry}}The price band for the offer was fixed at ₹190-201 per share.
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The initial public offering had a fresh issue of up to ₹1,200 crore and an offer-for-sale of up to ₹500 crore.
Lalithaa Jewellery Mart, which opened its first store in Chennai's T Nagar in 1985, sells gold, silver and diamond jewellery.