Mumbai, Sept. 2 -- The scrip was listed at Rs 108, a discount of 2.70% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 108 and a low of Rs 102.60. About 13.98 lakh shares of the company changed hands at the counter.

NIS Management's IPO was subscribed 2.95 times. The issue opened for bidding on 25 August 2025 and it closed on 28 August 2025. The price of the IPO was fixed at Rs 105-111 per share.

The IPO comprised fresh issue of 46,62,000 shares and offer for sale (OFS) upto 7,44,000 shares. The promoter shareholding in the company diluted to 69.63% post- IPO from 95.99% pre-IPO.

Ahead of the IPO, NIS Management on 22 August...