New Delhi, Feb. 13 -- Biopol Chemicals SME IPO listing: Biopol Chemicals shares listed at a minor premium over its issue price on Friday, February 13. Biopol Chemicals' share price opened at Rs.111 on the NSE on February 13, up 2.78% from its issue price of Rs.108. The SME stock, however, quickly erased all gains and hit its 5% lower circuit of Rs.105.45.

Market participants noted that the stock's listing was slightly above expectations in the grey market. Biopol Chemicals' last grey-market premium (GMP) was Rs.1, suggesting the stock could have listed at Rs.109.

Around 10:05 am, the SME stock was down 2.36% from its issue price, locked at the lower circuit of Rs.105.45.

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