Mumbai, Sept. 22 -- The scrip was listed at Rs 341, matching the initial public offer (IPO) price. The stock is currently frozen at its lower circuit of 5% from the listing price.

The counter hit a high of Rs 341 and a low of Rs 323.95. About 2.27 lakh shares changed hands on the BSE.

Vama Wovenfab's IPO was subscribed 2.58 times. The price band was fixed at Rs 324 to Rs 341 per share, with the issue open for subscription from 15 to 17 September 2026.

The IPO comprised a fresh issue of 14.53 lakh equity shares with a face value of Rs 10 each.

The company plans to use Rs 1.36 crore of the proceeds for capital expenditure towards construction of a shed, Rs 7.25 crore for the purchase of machinery and Rs 26.50 crore to meet working capit...