New Delhi, July 1 -- Advit Jewels share price made a stellar debut in the Indian stock market today, July 1, as it got listed at Rs.188.90 apiece on NSE, a premium of 36.88% over its issue price of Rs.138. Meanwhile, on BSE, it debuted at Rs.187, rallying 35.51% from IPO price.

The listing outperformed Street expectations, as seen from the grey market premium (GMP). Advit Jewels IPO GMP stood at Rs.49.50 per share, which indicated a likely listing price of Rs.187.50 - a premium of 35.87% to the offer price.

The IPO witnessed overwhelming investor demand, with the issue being subscribed 212.63 times overall. The non-institutional investor (NII) portion led the subscriptions, getting booked 536.38 times, followed by the qualified institut...