Mumbai, March 14 -- The scrip was listed at Rs 260, a premium of 14.54% compared with the initial public offer (IPO) price. The stock is currently frozen at an upper limit of 5% over its listing price.

The counter hit a high of Rs 273 and a low of Rs 260. About 6.51 lakh shares of the company changed hands at the counter.

Shree Karni Fabcom's IPO was subscribed 197.28 times. The issue opened for bidding on 6 March 2024 and it closed on 11 March 2024. The price band of the IPO was fixed at Rs 220 to 227 per share.

The IPO comprised fresh issue of 18,72,000 shares. The promoter and promoter shareholding diluted to 70.07% from 96.16% pre-IPO.

The company intends to utilise the net fresh issue proceeds for funding the capital expenditure ...