1 day ago
Nitya Gems Rises on Debut as Vishal Nirmiti Disappoints
Nityas Gems & Jewellery sold shares to the public before joining the stock market.
Its shares started trading above the price investors paid in the IPO.
The article reports a 9.33% premium on BSE and a 6.67% premium on NSE.
The company raised Rs 108 crore through its IPO.
Vishal Nirmiti also raised money by selling shares to the public.
Its IPO attracted 1.8 times the number of shares offered.
The article says its listing disappointed, but does not give the share’s debut price.
The report spells Vishal’s name both “Nirmiti” and “Nimriti.”
Nityas Gems & Jewellery shares opened at Rs 82 on BSE, 9.33% above their Rs 75 issue price.
On NSE, Nityas Gems & Jewellery closed its first trading session 6.67% above the issue price, at Rs 80.
Nityas Gems & Jewellery raised Rs 108 crore; its IPO was subscribed 2.26 times and received just over 87,000 applications.
Vishal Nirmiti’s IPO raised Rs 178 crore, was subscribed 1.8 times and received 1.25 lakh applications.
The article describes Vishal Nirmiti’s listing as disappointing but provides no listing price or percentage change.
- Who
- Nityas Gems & Jewellery and Vishal Nirmiti.
- What
- Nityas Gems & Jewellery debuted above its IPO price; Vishal Nirmiti’s listing was described as disappointing, without a specific debut price.
- Where
- Nityas Gems & Jewellery shares were listed on BSE and NSE. The article does not specify where Vishal Nirmiti’s shares were listed.
- When
- The companies’ maiden trading sessions; no date is stated.
- Why
- The article reports the companies’ stock-market debuts following their IPOs; it does not explain the cause of Vishal Nirmiti’s disappointing listing.
Key facts
- Nityas Gems IPO price band
- Rs 70–75 per share
- Nityas Gems IPO proceeds
- Rs 108 crore
- Nityas Gems IPO subscription
- 2.26 times; just over 87,000 applications
- Nityas Gems BSE debut
- Rs 82, a 9.33% premium to the Rs 75 issue price
- Nityas Gems NSE first-session close
- Rs 80, a 6.67% premium to the issue price
- Vishal Nirmiti IPO price band
- Rs 208–220 per share
- Vishal Nirmiti IPO proceeds and subscription
- Rs 178 crore; subscribed 1.8 times with 1.25 lakh applications
Sources
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