Mumbai, Feb. 15 -- The scrip was listed at Rs 119.70, a premium of 90% compared with 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 125.68 and a low of Rs 119.70. About 9.18 lakh shares of the company changed hands at the counter.

Rudra Gas Enterprise's IPO was subscribed 332.70 times. The issue opened for bidding on 8 February 2024 and it closed on 12 February 2024. The price of the IPO was fixed at Rs 63 per share.

The IPO comprised fresh issue of 22,48,000 shares. The promoter and promoter shareholding diluted to 73.03% from 99.99% pre-IPO.

The company intends to utilize the net proceeds to meet working capital expenditure and for gen...