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The Economic Times
The Economic Times
Business
Ritesh Presswala

Lohia Corp shares list at 8% premium over IPO price on NSE

Lohia Corp GMP IPO

Lohia Corp, one of India's leading manufacturers of technical textile machinery, made its much-awaited market debut on Thursday. The stock listed at Rs 460 on the BSE, an 8.24% premium over its IPO price of Rs 425. On the NSE, it debuted at Rs 461, translating into an 8.47% listing premium.

The listing surpassed grey market expectations, which had indicated a premium of around 5%. Ahead of its debut, the stock was commanding a grey market premium (GMP) of about Rs 19 per share, implying a listing price of around Rs 444.

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