Mumbai, Sept. 16 -- The scrip was listed at Rs 68, a discount of 20% 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 71.40 and a low of Rs 64.60. About 42.13 lakh shares of the company changed hands at the counter.

Nilachal Carbo Metalicks' IPO was subscribed 4.85 times. The issue opened for bidding on 8 September 2025 and it closed on 11 September 2025. The price of the IPO was fixed at Rs 85 per share.

The IPO comprised 66,00,000 equity shares, including a fresh issue of 26,00,000 equity shares and offer for sale (OFS) of 40,00,000 equity shares.

The company intends to utilize the net proceeds to meet funding capital expenditure fo...