New Delhi. 3 shares are listed in the market today. These shares are Motison Jewellers, Muthoot Microfins and Suraj Estate Developers.
Shares of Mottison Jewelers were listed on the market on Tuesday, rising more than 88 percent from the issue price of Rs 55. The stock opened with a gain of 88.90 percent on the BSE and in a short period of time it rose 98.34 percent to Rs 109.09. These shares were listed on the NSE at Rs 109, a jump of 98.18 percent.
As of the time of writing, at 1.30 pm, the stock was trading at Rs 103.55 (88.27 percent) on the NSE. The market value of the company in initial trading was Rs 994.30 crore. Motisons Jewellers' Rs 151 crore IPO was subscribed 159.61 times in three days. The company had set a price range of Rs 52-55 per share for the IPO. 2,74,71,000 crore equity shares were issued under the IPO. There was no Offer for Sale (OFS) in it.
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Mouth microfin
Shares of Muthoot Group's Muthoot Microfins listed on Tuesday, 5 percent below the issue price of Rs 291. The stock opened at Rs 278 on the BSE, down 4.46 percent. It later declined by 8.83 percent to Rs 265.30. Till the time of writing this news, this stock is down around 8 percent on NSE. The company's shares fell 5.39 percent to Rs 275.30 to be listed on the NSE. The company had a market value of Rs 4,670.63 crore in early trading. This IPO was subscribed a total of 11.52 times.
Suraj Developers
Shares of Suraj Estate Developers were listed on the market on Tuesday, down nearly six percent from their issue price of Rs 360. The stock opened at Rs 343.80 on BSE, down 4.5 percent. The stock later fell 10 percent to Rs 323.95. The shares were listed at Rs 340 on the NSE, down 5.88 percent. Suraj Estate Developers' IPO was oversubscribed 15.65 times till the last day of bidding on Wednesday.
First Published: December 26, 2023, 13:57 IST