Mumbai, July 7 -- The scrip was listed at Rs 119, a discount of 15% compared with the initial public offer (IPO) price. The stock is currently down 4% over its listing price.

The counter hit a high of Rs 119 and a low of Rs 113.05. About 9.20 lakh shares of the company changed hands at the counter.

Cedaar Textile's IPO was subscribed 11.24 times. The issue opened for bidding on 30 June 2025 and it closed on 2 July 2025. The price band of the IPO is between Rs 130 to 140 per share.

The IPO comprised fresh issue of 43,50,000 shares. The promoter and promoter shareholding will dilute to 68.66% from 100% pre-IPO.

The company intends to utilize the net proceeds for installation of grid-tied solar PV rooftop system for captive evacuation, m...