Mumbai, Oct. 6 -- The scrip was listed at Rs 62, matching the IPO price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 62 and a low of Rs 58.90. About 2.76 lakh shares changed hands on the BSE.

Shivchem Agro's IPO was subscribed 2.14 times. The book-built issue comprised an entirely fresh issue of 22.60 lakh shares. The IPO opened for subscription on 28 September 2026 and closed on 30 September 2026. The issue price was fixed at Rs 62 per share, against a price band of Rs 59 to Rs 62.

The promoters' shareholding declined from 92.73% before the IPO to 64.91% after the issue.

Shivchem Agro plans to use Rs 6.90 crore of the IPO proceeds towards working capital requirements and...