Motisons Jewellers listing price: Shares of Motisons Jewellers listed on the National Stock Exchange at Rs 109 apiece, a premium of 98.18 per cent over the initial public offering's (IPO) upper price band of Rs 55. , Markets News, Times Now
Motisons Jewellers is a hyperlocal jewellery retail chain, headquartered in Jaipur with 4 showrooms. The company primarily sources finished jewellery from third-party suppliers across India and its business involves the sale of jewellery made of gold, diamond, kundan etc.
The grey market investors also seem to be bullish on the jewellery retailer as they have given a premium in the range of 100-140 percent over the issue price of Rs 55 per share, analysts on anonymity said.