PN Gadgil Jewellers made a strong debut on the NSE, listing at ₹830 per share, a 72.9% premium over the IPO price of ₹480. The stock opened even higher at ₹834 on the BSE.
However, the shares began to decline, falling 0.3% to ₹827 shortly after the listing and trading 4.4% lower at ₹793 by 10:48 am. As of 11:13 am, the stock was down 2.5%, trading at ₹808.5. The company’s market capitalization currently stands at ₹10,761.67 crore.