Mumbai, Sept. 10 -- The scrip was listed at Rs 103.60, a premium of 23.33% over the initial public offer (IPO) price. The stock is currently down 1.83% over its listing price.

The counter hit a high of Rs 107.55 and a low of Rs 101.70. About 32.46 lakh shares of the company changed hands at the counter.

Optivalue Tek Consulting's IPO was subscribed 120.83 times. The issue opened for bidding on 2 September 2025 and it closed on 4 September 2025. The price of the IPO was fixed between Rs 80 to Rs 84 per share.

The IPO comprised a fresh issue of 22,00,000 shares. The promoter and promoter shareholding diluted to 68.53% from 94.61% pre-issue.

The company intends to utilize the net proceeds for capital expenditure for purchase of machineri...