New Delhi, Aug. 13 -- LAPL Automotive SME IPO listing: Shares of LAPL Automotive made a stellar debut on the BSE SME on Thursday, 13 August, in an otherwise weak market. LAPL Automotive's share price was listed at Rs.135, up 43.62% from the issue price of Rs.94.

However, soon after its listing, the SME stock witnessed profit booking, which dragged it to Rs.129, close to its 5% lower price band of Rs.128.25.

Around 10:05 AM, the stock was at Rs.131.01, 39.37% up from its issue price. Equity benchmark Sensex was 0.23% down at 77,791 at that time.

However, grey market sources said that the stock's listing was slightly below expectations, as the last grey market premium (GMP) on LAPL Automotive shares on Thursday morning was Rs.50, suggest...