Shares of FMCG major Jyothy Labs got listed on the National Stock Exchange (NSE) at Rs 895 a share, a premium of 30% to the offer price of Rs 690 a share. On the Bombay Stock Exchange (BSE), shares of the company opened at Rs 799 a share, a premium of 16% to the offer price.The company had come out with an initial public offer of 44.3026 lakh equity shares, priced in a band of Rs 620 to Rs 690.Over 51 lakh shares changed hands on the NSE. The scrip traded at Rs 780 a share.The company plans to leverage the dominant Ujala brand with other branded fabric care products, use its distribution network and marketing expertise, improve efficiency and manage costs and increase focus on supermarket and hypermarket sale.
