Lamosaic India made its debut on the NSE SME platform on November 29, listing at a price of Rs 164, which was 18% lower than its IPO price of Rs 200.
The company's initial public offering aimed to raise Rs 61.2 crore through entirely fresh issues and closed on November 26.
Following the listing, Lamosaic India's shares declined and were trading at Rs 172.20, down 13.90%, with a volume of 1,402,800 shares.
The stock's performance reflects the challenges faced by new entrants in the market, particularly in the current economic climate.