Mumbai, Feb. 5 -- The scrip was listed at Rs 116, a premium of 7.41% compared with the initial public offer (IPO) price. The stock is currently trading 0.47% higher over its listing price.

The counter hit a high of Rs 121 and a low of Rs 116. About 7.58 lakh shares of the company changed hands at the counter.

Mayank Cattle Food's IPO was subscribed 8.44 times. The issue opened for bidding on 29 January 2024 and it closed on 31 January 2024. The price of the IPO was fixed at Rs 108 per share.

The IPO comprised fresh issue of 18,00,000 shares. The promoter and promoter shareholding diluted to 65% from 97.50% pre-IPO.

The company intends to utilize the net proceeds for funding capital expenditure towards the purchase of additional plant ...