Mumbai, May 12 -- The scrip was listed at Rs 53.95, almost at par with the initial public offer (IPO) price. The stock was currently frozen at its lower limit over its listing price.

The counter hit a high of Rs 53.95 and a low of Rs 51.26. About 1.12 lakh shares of the company changed hands at the counter.

Manoj Jewellers was subscribed 1.13 times. The issue opened for bidding on 5 May 2025 and it closed on 7 May 2025. The price of the IPO was set at Rs 54 per share.

The IPO comprised fresh issue of 30,00,000 shares. The promoter and promoter shareholding diluted to 63.28% from 100% pre-IPO.

The company intends to utilize the net proceeds for repayment/prepayment of certain borrowings availed by company, issue expenses and for genera...