Jewellery retailer PC Jeweller rose 10.5 percent to close at Rs 149.20 on the National Stock Exchange on Thursday.
Shares of PC Jeweller opened with a premium of Rs 2 over its issue price of Rs 135 on the National Stock Exchange. Meanwhile, the premium for retail investors was Rs 7 as they received shares at a discount of Rs 5 to final issue price.
Jewellery manufacturer and retailer PC Jeweller will list its equity shares on exchanges on Thursday, December 27, 2012. The issue price is fixed at higher end of price band of Rs 125-135 per share.
Public issue of jewellery manufacturer and retailer PC Jeweller has oversubscribed 6.85 times, as per data available on the National Stock Exchange.
The Rs 609-crore IPO of PC Jeweller has been subscribed 44 percent till Tuesday, as per data available on the National Stock Exchange.
Anand Rathi Retail Research has come out with its report on PC Jeweller IPO. According to the research firm, the company has been showing good traction in the performance, looking at its expansion track record and future plans shows good potential in the company.
PC Jeweller is planning to expand its showroom network across India, including in southern and western parts of the country. The company intends to open 7 new showrooms by the end of current fiscal and another 13 showrooms by next year. Thus, growth prospects are reasonably good for the investors, says VS Fernando.
Rajen Shah, CIO of Angel Broking advised avoiding the Bharti Infratel IPO that will be opened for subscription from tomorrow till Friday, December 14.
Jewellery manufacturer, retailer and exporter PC Jeweller has opened its Rs 609 crore initial public offer (IPO) for subscription today. The price band is fixed between Rs 125 and Rs 135 per share.
The 609-crore initial public offering of PC Jeweller will be open for subscription from Monday, December 10 till Wednesday, December 12.
PC Jeweller has finalised the allocation of 67,16,250 equity shares to 10 anchor investors at upper end of price band of Rs 125-135 per share, aggregating to Rs 90.67 crore) out of the total Issue size of 4,51,33,500 equity shares of face value of Rs 10.
PC Jeweller is proposing an initial public offer (IPO) comprising of 45,133,500 equity shares of face value of Rs 10 each. The price band has been fixed between Rs 125 and Rs 135 per share.
PC Jeweller will hit the capital market on December 10 with an initial public offer (IPO) to raise up to Rs 609 crore for funding its expansion plans.
PC Jeweller has filed a draft red herring prospectus (the DRHP) with SEBI for an initial public offering of 45,133,500 equity shares of Rs 10 each. The issue comprises a net issue to the public of 44,775,000 equity shares and a reservation of 358,500 equity shares for subscription by eligible employees.