Mumbai, Sept. 28 -- The scrip was listed at Rs 38, a 2.70% premium to the IPO price. The stock is currently locked at the upper circuit of 5% over its listing price.

The counter hit a high of Rs 39.90 and a low of Rs 38. About 16.14 lakh shares changed hands on the BSE.

Vivekanand Cotspin's IPO was subscribed 1.73 times. The price band was fixed at Rs 35 to Rs 37 per share. The issue was open for subscription from 21 September 2026 to 23 September 2026.

The issue comprised a fresh issue of 42.99 lakh shares. The company plans to use the proceeds to fund capital expenditure on plant and machinery, meet working capital requirements and for general corporate purposes.

The company allotted 17.01 lakh shares to two anchor investors at Rs 3...