LAPL Automotive SME IPO shares debut 44% premium on BSE

LAPL Automotive is a company whose shares started selling on the stock market on Thursday, 13 August.

This is called an IPO, which is when a company sells shares to people for the first time.

People who bought the shares paid ₹94 for each one.

When trading began on the BSE, the share price jumped to ₹135.

That means the first share buyers made a 43.62% profit right away.

Some people then sold their shares to lock in that profit.

Because of that selling, the price went down a little, close to its lowest allowed drop.

Later in the morning, the shares were trading at ₹131.01, still 39.37% above the IPO price.

This happened on a day when the wider stock market was a bit weak, with the Sensex slightly lower.