
Premier Energies, a solar photovoltaic cell maker, made a significant debut on the stock market on September 3, listing at a 120% premium over its IPO price. The shares were priced at ₹450 per share during the IPO and opened at ₹990 per share, doubling investors' wealth. This strong performance highlights the high demand and positive market sentiment towards the company. In a separate development, Raymond Lifestyle, the demerged lifestyle business of Raymond Ltd, also saw a successful listing. The shares started trading at ₹3,020 on the NSE, significantly higher than the issue price of ₹1,563 per share. This listing follows Raymond's confirmation of the demerger and the subsequent surge in its stock price by 8.6% to ₹2180.85 on the BSE.
Shares of Raymond Lifestyle (RLL), the demerged lifestyle business of Raymond Ltd got listed at Rs 3,000 per share on the BSE, in an IPO-less debut for the stock. Details here 👇 https://t.co/jYHMovyOrs #Markets #RaymondLifestyle #Raymonds
#ETNOWEXCLUSIVE | Raymond Lifestyle, the demerged apparel division of Raymond, started trading at Rs 3,000 per share. Gautam Singhania also shared insights on the real estate demerger plans in an exclusive ET NOW interview. Tune in for more. @anujosh_aj https://t.co/1serChWPkb
Raymond Lifestyle Share Price Listing After Demerger: Investors' money nearly doubled; Check ratio https://t.co/H9qjOiButi
