Mumbai, July 23 -- The scrip was listed at Rs 288, a premium of 0.7% compared with the initial public offer (IPO) price.

The counter hit a high of Rs 289.95 and a low of Rs 274.10. About 20 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of Monika Alcobev was subscribed 3.78 times. The issue opened for bidding on 16 July 2025 and it closed on 18 July 2025. The price band of the IPO was set at Rs 271 to 286 per share.

The IPO comprised 57,91,200 equity shares, including a fresh issue of 47,91,200 equity shares and an offer for sale (OFS) of 10,00,000 equity shares.

The company intends to utilize the net proceeds for funding working capital requirements of the company, prepayment or repayment of c...