Shares of PC Jeweller listed on the BSE and NSE today. The listing ceremony was held at the BSE. The company had issued shares in a price band of Rs 125-135 and was oversubscribed 6.85 times. The allotment price was Rs 135 and all successful applicants in the retail category were allotted the minimum lot of 90 shares.
The pre-open call auction saw the price being discovered at the BSE of Rs 135.50 and on the NSE at Rs 137. The opening prices on both the exchanges were the lows of the day. The share price has been rising and in the first two hours of trade was at virtually the high of the day, just short of Rs 152. The share’s high on BSE was Rs 150.95 while on the NSE it was Rs 151.25.The HNI portion was subscribed 18.12 times.
| Exchange | Open | High | Low | Close | Net Change | %Gain/Loss | Wt. Avg | Volume |
| BSE | 135.50 | 150.95 | 135.50 | 150.30 | 15.30 | 11.33 | 144.13 | 18359065 |
| NSE | 137.00 | 151.25 | 137.00 | 150.40 | 15.40 | 11.41 | 145.07 | 39907534 |
| Total | 58266599 |
In the first two hours of trade a total of 582.66 lac shares or 1.29 times the IPO size of 451.33 lac shares has been traded. The current price is Rs 150 which is a premium of Rs 15 or 11.3% over the issue price of Rs 135. Retail investors had received a discount of Rs 5 per share which makes their cost Rs 130. Weighted average of the day’s trade so far is Rs 144.13 on the BSE and Rs 145.07 on the NSE. The share has been rising since trading started and it has fared much better than the recent listing of Tara Jewels which crashed on the opening day itself. Suffice to say that shares of Tara Jewels are still trading at a discount.
The listing has been a success and the strength in the share price indicates that the same would do well going forward as well.
