One of the largest fragrances and flavour companies in India by revenue S H Kelkar made a strong debut on the stock markets on Monday by listing at a premium of 24.28% over issue price. At the NSE, stock opened at Rs 223.70 a share as against issue price of Rs 180 a share.

Currently, shares are trading at Rs 206.75, down 7.58% from its opening price. It recorded a high of 225.05 and a low of Rs 200 at the NSE (12.14 p.m). A total of 1,23,85,085 shares exchanged hands at the NSE. That translated into turnover of Rs 3.01 billion.

S H Kelkar and Company is one of the largest fragrance and flavour companies in India. It has four manufacturing facilities, three of which are located in India (Mumbai, Vapi and Raigad) and one in the Netherlands, with a total installed manufacturing capacity of over 19,819 tons annually.