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Our Bureau

Mumbai , Jan. 16

The stock of Lumax Auto Technologies made its debut on NSE at a premium of 6.66 per cent at Rs 80 against the offer price of Rs 75.

The stock touched an intra day high of Rs 143 and closed at Rs 110.70.

A total of 72,42,230 shares were traded on NSE.

On BSE, the stock opened at a marginal premium of 0.66 per cent.

It saw an intra day high of Rs 142.10 and a low of Rs 75.50 before closing at Rs 110.60.

The total traded quantity on BSE was 62,75,593 shares.

The company entered the capital market with an initial public offer of 30,12 lakh equity shares of Rs 10 each at a premium of Rs 65 per share.

The issue proceeds will be used to fund the company's capacity expansion and modernisation of its existing facilities. The company plans to set up chassis assembly at Bhosari near Pune, expansion and modernisation of current manufacturing facilities at Chakan, near Pune, and Waluj near Aurangabad.

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