New Delhi, Sept. 8 -- Rachit Prints Limited had a lacklustre debut on the Indian stock market as its shares were listed at a 20 per cent discount on Monday.

The stock opened at Rs 119.20 apiece on the BSE SME platform, against the issue price of Rs 149 per share.

The weak debut came in line with market expectations, as the company's grey market premium (GMP) stood at Rs 0, indicating no significant listing gains.

Rachit Prints' initial public offering (IPO) was open for subscription between September 1 and September 3, with allotment finalised on September 4.

The company raised Rs 19.50 crore through a fresh issue of 13 lakh equity shares priced at Rs 149 each. Retail investors had to apply for a minimum of 1,000 shares, amounting to ...