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Motisons Jewellers IPO offers 98% return; issue price ₹55, listed at ₹103.90

The shares of Motisons Jewellers, a Jaipur-based jewellery retail company, commenced its first day of trading on the bourses with around 100% premium on Tuesday (December 26). The stock was listed at ₹109, a premium of nearly 98% on the NSE against an issue price of ₹55 per share. The stock got listed at ₹103.90 on the BSE. The listing gains though came in lower than what the grey market was expecting: a listing pop of 125-130 per cent.

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