Shankesh Jewellers share price makes a positive debut, stock opens with a 11.08% premium at Rs.103.30 apiece on NSE
New Delhi, Aug. 25 -- Shankesh Jewellers share price made a decent debut on the bourses today, Tuesday, 25 August. On NSE, Shankesh Jewellers share price opened at Rs.103.30 per share, 11.08% higher than the issue price of Rs.93. On BSE, the stock opened at Rs.102.20 apiece, up 9.89% than the issue price.
The Shankesh Jewellers IPO was subscribed 2.80 times on the final day of bidding on Thursday, indicating strong investor demand for the initial share sale.
The company's Rs.367-crore IPO received bids for 7,74,38,400 equity shares against the 2,76,37,400 shares on offer, according to NSE data.
The non-institutional investors (NIIs) portion was subscribed 5.68 times, while the retail investors category received 2.42 times subscription....
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