Greenlam Industries, engaged in surface decor business, today got listed on the National Stock Exchange (NSE), where it shares closed at Rs 485 on the debut day.
On the NSE, Greenlam Industries' shares share opened at Rs 463.25 and closed at Rs 485.
Similarly on the BSE, the stock opened at Rs 450.75 and settled at Rs 473.25 apiece.
Besides, Greenlam announced to expand the capacity by adding 20 per cent to its existing laminate capacity and aims to streamline the additional capacity by the third quarter of 2015-16.
The company has also entered the engineered wood-flooring segment through its brand name Mikasa, Greenlam said in a statement issued here.
The engineered wooden flooring business in India is witnessing a 20- 25 per cent growth per year.
Last year, Greenply Industries had announced the demerger of its collective business and formed Greenlam Industries to manage the group's decorative business with all its assets and liabilities.
