Renaissance Jewellery listing opens at Rs 190

Renaissance Jewellery IPO has listed today on the bourses at Rs. 190 with a premium of Rs. 40 over the issue price with returns of over 26 per cent to the investors. The Stock has hit an intra-day high of Rs. 200 and is currently trading at 172 on the NSE.

Renaissance Jewellery, manufacturer of studded gold, platinum and silver jewellery had entered capital markets with a public issue of 53 lakh shares with issue price fixed at Rs 150. The IPO was subscribed by 23.63 times.

Analysts have suggested to make listing gains in the stock. Investors who have received the allotment are better to make gains on the listing.