Mumbai, Aug. 6 -- The scrip was listed at Rs 85, a premium of 18.06% compared with the initial public offer (IPO) price. The stock is currently up 2% over its listing price.

The counter hit a high of Rs 89.25 and a low of Rs 85. About 9.38 lakh shares of the company changed hands at the counter.

Mehul Colours' IPO was subscribed 7.50 times. The issue opened for bidding on 30 July 2025 and it closed on 1 August 2025. The price band of the IPO was set at Rs 68 to 72 per share.

The IPO comprised fresh issue of 30,08,000 shares. The company intends to utilize the net proceeds for funding of capital expenditure towards setup of a new manufacturing facility, funding of working capital requirements and general corporate purpose.

Ahead of the...