PC Jeweller lists at premium on the NSE

The issue price was fixed at higher end of price band of Rs 125-135 per share for QIB and non-institutional investors while for retail investors it was Rs 130.

PC Jewellers has listed at Rs 137, a marginal 1.5% premium against its issue price of Rs 135 on the National Stock Exchange (NSE). The stock hit a high of Rs 140 and has seen a combined around 5 million shares changing hands on the counter at 1004 hours.

The company has raised more than Rs 600 crore through initial public offer (IPO), was subscribed 6.85 times. It intends to use issue proceeds for setting up additional 20 showrooms by FY14 with an outlay of Rs 517 crore.

The issue price was fixed at higher end of price band of Rs 125-135 per share for qualified institutional and non-institutional investors while for retail investors it was Rs 130.