PN Gadgil Debuts With 74% Premium

New Delhi: Shares of jewellery retail chain PN GadgilJewellers Ltd made a remarkable market debut on Tuesday, listing with a premium of nearly 74 per cent, against the issue price of Rs 480.The stock made its debut at Rs 834, surging 73.75 per cent from the issue price on the BSE. Later, it jumped 75.79 per cent to Rs 843.80. At the NSE, shares of the firm listed at Rs 830, soaring 72.91 per cent. The company’s market valuation stood at Rs 10,950.98 crore. The initial public offer of PN GadgilJewellers Ltd received 59.41 times subscription on the last day of bidding on Thursday. The Rs 1,100-crore initial share sale had a price band at Rs 456-480 per share.