New Delhi, Nov. 18 -- Mahamaya Lifesciences shares made a tepid debut on the BSE SME on Tuesday, November 18, listing at a 2 per cent premium over the issue price of Rs.114 amid weak market sentiment. The stock, however, extended gains and hit a 5 per cent upper circuit.

Mahamaya Lifesciences share price opened at Rs.116 on the BSE, up 1.75 per cent from the issue price, and hit its 5 per cent upper circuit of Rs.121.80. Around 12:20 pm, the SME stock traded 2 per cent up at Rs.116.05. Equity benchmark Sensex was 0.16 per cent down at 84,819.

The initial public offering (IPO) of Mahamaya Lifesciences opened for public subscription on Tuesday, November 11, and concluded on Thursday, November 13. The IPO was a combination of a fresh issue...