PC Jeweller IPO covered around 40% till Day 2 - Indian IPO Blog

Tuesday, December 11, 2012

PC Jeweller IPO covered around 40% till Day 2

PC Jeweller IPO, which opened for subscription from yesterday, has been bid around 40% on an overall basis as per data available on NSE website till December 11, 2012 1900 hrs IST

The IPO has received bids for 1,70,46,990 Equity Shares on an overall basis with bids received for 55,82,790 at cut-off price. The issue consists of Public offer of 45,133,500 equity shares of Rs.10 each (including Anchor Portion of 67,16,250 equity shares). The shares are issued in a price band of Rs.125/- to Rs.135/- per equity share with retail investors and eligible employees being entitled to Rs.5/- discount on the issue price

PC Jeweller Ltd is an established jewellery retailer in North India. Company's operations include the manufacture, retail and wholesale of jewellery. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver articles. The company provides 100% Hallmarked jewellery and Certified Diamond jewellery.

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