Mumbai, Sept. 16 -- The scrip was listed at Rs 185.10, a premium of 16.42% over 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 194.35 and a low of Rs 185.10. About 15.44 lakh shares of the company changed hands at the counter.

Karbonsteel Engineering's IPO was subscribed 71.26 times. The issue opened for bidding on 9 September 2025 and it closed on 11 September 2025. The price of the IPO was fixed between Rs 151 to Rs 159 per share.

The IPO comprised an issue of 37,29,600 equity shares, including a fresh issue of 30,39,600 equity shares and offer for sale (OFS) of 6,90,000 equity shares.

The company intends to utilize the net proceeds fo...