New Delhi, Aug. 1 -- Sellowrap Industries had a strong start on the Indian stock market today, with its shares debuting at Rs 90 apiece on the NSE SME platform-an 8.43 per cent premium over the issue price of Rs 83.

The listing performance surpassed market expectations, with a grey market premium (GMP) of 6 per cent just ahead of the debut.

The company, a manufacturer of automotive components, launched its initial public offering (IPO) under the SME category. Sellowrap Industries is now listed on NSE Emerge, a dedicated platform for small and medium enterprises.

The IPO was open for subscription from July 25 to July 29, and the allotment was finalized on July 30. The listing took place today, August 1.

The price band for the IPO was f...