New Delhi, Aug. 5 -- Laxmi India Finance share price recovered some of losses during Tuesday's trading session following a disappointing debut, although it continued to trade below the initial listing price.

Shares of Laxmi India Finance, a non-banking financial company, debuted at a discount of 14% relative to the issue price of Rs.158. The stock opened at Rs.136, reflecting a decrease of 13.92% compared to the issue price on the BSE. At 13:50 IST, the stock was trading at Rs.137.40 apiece.

On the NSE, the stock dropped 12.96% to Rs.137.52 during the initial trading session. The company's market capitalisation was recorded at Rs.741.42 crore on the NSE.

The initial public offering (IPO) of Laxmi India Finance was oversubscribed 1.85 t...