Mumbai, Aug. 18 -- The scrip was listed at Rs 104, marking an 20% discount to the initial public offer (IPO) price. The stock is currently down 3.61% over its listing price.

The counter hit a high of Rs 109 and a low of Rs 98.80. About 18.80 lakh shares changed hands on the BSE.

Sham Foam's IPO was subscribed 2.44 times. The issue opened for bidding on 11 August 2026 and it closed on 13 August 2026. The price of the IPO was fixed at Rs 130 per share.

The IPO comprised 31,14,000 equity shares. The promoter and promoter group shareholding diluted to 72.90% from 100% pre-issue.

The company intends to utilize the net proceeds for finance the capital expenditure requirements for civil construction, purchase of machineries and equipment for...