Mumbai, Feb. 2 -- The scrip was listed at Rs 309, a premium of 61% compared with the initial public offer (IPO) price. The stock was currently frozen in an upper limit of 5% over its listing price.

The counter hit a high of Rs 324.45 and a low of Rs 293.55. About 11.04 lakh shares of the company changed hands at the counter.

DelaPlex's IPO was subscribed 118.20 times. The issue opened for bidding on 25 January 2024 and it closed on 30 January 2024. The price of the IPO was fixed at Rs 186 to Rs 192 per share.

The IPO comprised fresh issue of 18,00,000 shares and offer for sale is of 6,00,000 equity share. The promoter and promoter shareholding diluted to 73.66% from 100% pre-IPO.

The company intends to utilize the net proceeds for APA...