Lohia Corp shares opened higher on Indian exchanges on Thursday, listing at a premium to the issue price and validating pre-listing market sentiment.
The stock debuted at ₹460 on the BSE, representing an 8.2% gain over the ₹425 issue price.
The listing performance aligns closely with grey market trading, which had priced in a 9% gain ahead of the debut.
On the NSE, shares listed at ₹461, marking an 8.5% increase.
The positive opening comes as the company finalizes share allotments following a bidding process that ran from 23 July to 27 July.
The listing performance aligns closely with grey market trading, which had priced in a 9% gain ahead of the debut.
Unofficial trading had seen shares changing hands at a ₹40 premium, suggesting that institutional and retail demand remained robust despite a cautious broader market environment.