Mumbai, April 8 -- The scrip was listed at 63.20, a discount of 20% over the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 63.20 and a low of Rs 60.04. About 51,000 shares of the company changed hands at the counter.

Infonative Solutions' IPO was subscribed 4.35 times. The issue opened for bidding on 28 March 2025 and it closed on 3 April 2025. The price band of the IPO was set at Rs 75 to 79 per share.

The IPO comprised fresh issue of 31,28,000 equity shares. The promoter and promoter group shareholding diluted to 69.28% from 94.13% pre-issue.

The company intends to utilize the net proceeds to meet the working capital requirements, to mee...