Kabra Jewels Ltd. debuts with 90.00% premium at Rs 243.20

Kabra Jewels Ltd. makes a strong debut on the bourses with scrip got listed at Rs 243.20 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 128.00. On the National Stock Exchange, the stock was listed at Rs 243.20.

The company, which raised 0.31 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 31.25 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Jan 15 to Jan 17.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.

The company anticipates using the proceeds of the issue for .

Marwadi Chandarana Intermediaries Brokers Pvt. Ltd as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 23,024.65, down 320.10 points, or 1.37 per cent.