Kabra Jewels kicked off its stock market journey with a bang, listing at ₹243 per share on the NSE SME—a jaw-dropping 90% premium over its IPO price of ₹128. But the fireworks didn’t stop there. The stock climbed further to ₹255.35, doubling investors’ wealth in just one trading session. If you’re a lucky IPO subscriber, this debut must feel like striking gold. The ₹40 crore SME IPO, which ran from January 15 to 17, saw frenzied interest across the board. With an overall subscription rate of 356 times, retail and non-institutional investors practically fought over shares. The retail portion alone was oversubscribed 384 times, while the NII segment topped even that at 556 times. It’s no wonder Kabra Jewels had such a blockbuster opening. The company plans to use the IPO proceeds to trim its debt, bolster working capital, and handle general corporate expenses. With a diverse product range that spans gold, diamond, and silver jewellery Kabra Jewels clearly knows how to cater to its audience.