Mumbai, Feb. 27 -- The scrip was listed at Rs 55.20, a discount of 20% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 55.20 and a low of Rs 52.45. About 7.68 lakh shares of the company changed hands at the counter.

Manilam Industries India's IPO was subscribed 4.22 times. The issue opened for bidding on 20 February 2026 and it closed on 24 February 2026. The price band of the IPO was fixed between Rs 65 to Rs 69 per share.

The IPO comprised 57,90,000 equity shares, including a fresh issue of 46,98,000 equity shares and offer for sale (OFS) of 10,92,000 equity shares.

The company intends to utilize the net proceeds for capit...