Shares of Happy Forgings were listed at bourses at a premium of 18 per cent around Rs 1,000 and the stock saw some addition buying, which took stock close to R 1,050.
RBZ Jewellers is a gold jewellery manufacturer specialising in the creation of antique designs. The company s wholesale customer base includes reputed national, regional and local family jewellers across 19 states and 72 cities in India.
Since most of the land parcels in the South-Central Mumbai market are re-development projects, the company s core competence lies in tenant settlement, which is a crucial element for unlocking value on such land parcels.
The grey market investors also seem to be bullish on the jewellery retailer as they have given a premium in the range of 100-140 percent over the issue price of Rs 55 per share, analysts on anonymity said.
Suraj Estate Developers IPO was subscribed 15.65 times as investors placed bids for 12.88 crore shares against the offer size of 82.35 lakh. Qualified institutional buyers (QIBs) showcased maximum interest as they bid 24.31 times the reserved portion.