Mumbai, July 1 -- The scrip was listed at Rs 54.40, a 2.64% premium to 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 57.10 and a low of Rs 54.40. About 32.14 lakh shares of the company changed hands at the counter.

Shreedhar Spinners' IPO was subscribed 4.44 times. The issue opened for bidding on 23 June 2026 and it closed on 25 June 2026. The price band of the IPO was fixed between Rs 51 to Rs 53 per share.

The IPO comprised fresh issue of 57,88,000 equity shares. The company intends to utilize the net proceeds for funding incremental working capital requirements of the company; purchase of machineries into existing manufacturing facili...