The stock jumped 3.74 per cent to settle at Rs 68 on BSE. During the day, it went up 7.93 per cent to Rs 70.75.
At NSE, shares of the company rose 3.42 per cent to end at Rs 67.95.
The company had filed draft red herring prospectus (DRHP) with Sebi in March and obtained its 'observations' on June 9, which are necessary for launching any public offer, as per the latest update.
Going by the draft papers, the IPO comprises 1.8 crore equity shares of Nakshatra World, which offers jewellery under the brands Nakshatra, Gili, Asmi, Sangini, Diya, Parineeta and Rivaaz.
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