Laxmi Organic makes decent debut, lists at 20% premium over issue price

The initial public offer (IPO) of Laxmi Organic Industries had received a robust response from the investors

Shares of Laxmi Organic Industries made a healthy debut on the bourses on Thursday as they got listed at Rs 156.20, a 20 per cent premium over its issue price of Rs 130 per share on the BSE. Meanwhile, on the National Stock Exchange (NSE), the stock opened at Rs 155.50 against the issue price.

Post listing, the stock of the speciality chemicals company hit a high of Rs 162.05 and a low of Rs 143 on the BSE. At 10:01 am, it was trading at Rs 152.90, 18 per cent higher over its issue price. In comparison, the S&P BSE