Liotech Industries share price falls 5% after weak market debut

Liotech Industries made a weak stock market debut on BSE SME, listing at Rs 257, a 25% discount to its IPO price of Rs 321. Shares fell further by 5% to Rs 244.15 intraday. The Rs 36.02-crore IPO, which included a fresh issue of Rs 28.89 crore and an OFS of Rs 7.13 crore, was subscribed 1.91 times overall, with retail at 2.97 times and NII at 0.85 times.