New Delhi, Sept. 1 -- Symbiotec Pharmalab IPO listing: Symbiotec Pharmalab share price listed at a discount on the BSE on Tuesday, 1 September, amid weak stock market sentiment. Symbiotec Pharmalab shares were listed at Rs.978.20 on the BSE, down 1% from the issue price of Rs.988. On the NSE, the stock debuted flat at Rs.988.

The stock's listing failed to meet expectations, as the grey market premium (GMP) for Symbiotec Pharmalab on Tuesday morning was Rs.185, suggesting the stock could list at Rs.1,173, a premium of nearly 19% over the IPO price.

Meanwhile, stock market benchmarks, the Sensex and the Nifty 50, declined by up to 0.30% in morning deals.

Symbiotec Pharmalab is a pharmaceutical and biotechnology company engaged in the dev...