Shares of PC Jeweller on Thursday debuted with over one per cent gain on the bourses and soon surged more than 9 per cent over its issue price of Rs 135 a share. The company's shares opened the day on a positive note and as the trade progressed it gained 9.37 per cent to Rs 147.65 on the BSE.
At NSE, the scrip was trading higher by 9.44 per cent to Rs 147.75 after debuting at Rs 137. The Rs 609-crore initial public offer of PC Jeweller was oversubscribed 6.85 times on the last day of the issue on December 12. The company had fixed the price band of IPO at Rs 125-135 per share. The issue price was fixed later at Rs 135 a share. The Delhi-based jeweller had posted a turnover of about Rs 3,000 crore in 2011-12 fiscal.
At NSE, the scrip was trading higher by 9.44 per cent to Rs 147.75 after debuting at Rs 137. The Rs 609-crore initial public offer of PC Jeweller was oversubscribed 6.85 times on the last day of the issue on December 12. The company had fixed the price band of IPO at Rs 125-135 per share. The issue price was fixed later at Rs 135 a share. The Delhi-based jeweller had posted a turnover of about Rs 3,000 crore in 2011-12 fiscal.