Mumbai, July 1 -- The scrip was listed at Rs 156.80, a 20% discount to the initial public offer (IPO) price. The counter hit a high of Rs 156.80 and a low of Rs 149.50. About 5.63 lakh shares of the company changed hands at the counter.

Jivial Industries' IPO was subscribed 0.93 times. The issue opened for bidding on 23 June 2026 and it closed on 25 June 2026. The price of the IPO was fixed at Rs 196 per share.

The IPO comprised 16,32,000 equity shares, including a fresh issue of 13,59,600 equity shares and offer for sale (OFS) of 2,72,400 equity shares. The promoter and promoter group shareholding diluted to 61.16% from 94.53% pre-offer.

The company intends to utilize the net proceeds for purchase of new machineries, capital expenditu...