Mumbai, May 7 -- The scrip was listed at 30.10, a discount of 48.10% over the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 31.60 and a low of Rs 29.05. About 11.08 lakh shares of the company changed hands at the counter.

Arunaya Organics' was subscribed 2.45 times. The issue opened for bidding on 29 April 2025 and it closed on 2 May 2025. The price band of the IPO was set at Rs 55 to Rs 58 per share.

The IPO comprised fresh issue of 52,60,000 equity shares and offer for sale of upto 6,00,000 equity shares. The company intends to utilize the net proceeds for setting up of a new manufacturing facility located at Dahej, Bharuch, Gujarat; fund...