New Delhi, May 29 -- Bio Medica Laboratories IPO listing: The shares of Bio Medica Laboratories witnessed a tepid listing action on Dalal Street on Friday, 29 May, as they debuted at a 20% discount to the initial public offering (IPO) price of Rs.139 apiece.

Bio Medica Laboratories share price opened at Rs.111.20, down Rs.27.8% or 20% against the offer price on the NSE SME. Soon after listing, Bio Medica Laboratories shares extended their decline and hit the 5% lower price band of Rs.105.65 per share.

The listing was below expectations as signalled by the grey market premium (GMP). Bio Medica Laboratories IPO GMP before debut was (-) Rs.9, suggesting a discount of 6.47%. At one point, the GMP had hit a high of Rs.3.5 per share.

Bio Med...