Mumbai, Aug. 1 -- The scrip was listed at Rs 110, a premium of 30.95% compared with the initial public offer (IPO) price. The stock is currently down 3.64% over its listing price.

The counter hit a high of Rs 114 and a low of Rs 104.50. About 33.01 lakh shares of the company changed hands at the counter.

Patel Chem Specialities' IPO was subscribed 155.63 times. The issue opened for bidding on 25 July 2025 and it closed on 29 July 2025. The price band of the IPO was fixed at Rs 82 to Rs 84 per share.

The IPO comprised fresh issue of 70,00,000 equity shares. The promoter and promoter group shareholding diluted to 68.86% from 95.13% pre-issue.

The company intends to utilize the net proceeds for funding its capital expenditure requirement...