India's Nityas Gems and Jewellery rises in debut, valued at $50 million
08/10/2026 07:14
BUZZ-India's Nityas Gems and Jewellery rises in debut, valued at $50 million ** Shares of Nityas Gems and Jewellery NITS.NS rise 11.7% to 83.80 rupees
** Stock lists at 80 rupees on the National Stock Exchange of India, a 6% premium to its IPO issue price of 75 rupees
** The Indian jewellery brand valued at 4.80 billion rupees ($49.61 million)
** IPO comprises a fresh issue of 1.08 billion rupees
** NITS plans to use the proceeds to fund its working capital requirements
($1 = 96.7575 Indian rupees)
(Reporting by Puyaan Singh in Bengaluru)