Mumbai, Oct. 8 -- The scrip was listed at Rs 63, a discount of 30.77% compared with the initial public offer (IPO) price.

The counter hit a high of Rs 95.55 and a low of Rs 91. About 29.24 lakh shares of the company changed hands at the counter.

Sheel Biotech's IPO issue was subscribed 0.06 times. The issue opened for bidding on 30 September 2025 and it closed on 03 October 2025. The price band of the IPO is fixed between Rs 59 to Rs 63 per share. The equity shares will list on NSE's SME platform.

The IPO comprised a fresh issue of 54,00,000 equity shares. The promoter and promoter group shareholding diluted to 71.26% from 96.99% pre-issue.

The company intends to utilize the net proceeds for capital expenditure requirement, working ca...