Kalyan Jewellers makes weak debut; lists 15% below the issue price

The stock listed at Rs 73.90, a 15 per cent discount against the issue price of Rs 87 per share on the BSE

Shares of Kalyan Jewellers India made a weak debut at the bourses, listing at Rs 73.90, 15 per cent below its issue price of Rs 87 per share on the BSE on Friday. Meanwhile, the stock opened at Rs 73.95 on the National Stock Exchange (NSE).

At 10:01 am, Kalyan Jewellers India was trading at Rs 77.10, 11 per cent lower against its issue price. The stock hit a high and low of Rs 77.50 and Rs 73, respectively on the BSE in the intra-day trade. Around 14 million equity shares had changed hands on the counter on the