New Delhi, Sept. 4 -- Shares of Priority Jewels are set to make their stock market debut today, September 4, after the IPO received a bumper response from investors during its three-day bidding period. Ahead of the listing, the grey market premium (GMP) for the Priority Jewels IPO is currently around Rs.30.

Considering the IPO's upper price band of Rs.200, the stock could potentially list at around Rs.230, implying a premium of 15%. The strong GMP is also supported by the company's reasonable valuation and favourable position in the jewellery industry.

Mahesh M. Ojha, Vice President of Research & Business Development at Kantilal Chhaganlal Securities Pvt. Ltd., said that at the upper price band, the issue is valued at approximately 20.5...