Market experts believe that the premium listing of 21% have made the valuations expensive for Laxmi Organics Industries and investors should look at booking listing gains.
On the BSE, Laxmi Organics Industries opened at Rs 156.20, at a premium of 20.15%.
Here's how you can check the share allotment status of Laxmi Organic Industries IPO. In the grey market shares of Laxmi Organic were trading at a premium of Rs 65-70.
The initial public offer (IPO) comprises fresh issuance of shares aggregating to Rs 300 crore and an offer for sale worth Rs 300 crore by the promoter Yellow Stone Trust.
Ahead of the IPO, the shares are quoting at a 73% premium in the grey market