Mumbai, Jan. 24 -- The scrip was listed at 156.50, at a premium of 26.21% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 158.80 and a low of Rs 148.70. About 15.83 lakh shares of the company changed hands at the counter.

EMA Partners India's IPO was subscribed 205.64 times. The issue opened for bidding on 17 January 2025, and it closed on 21 January 2025. The price band of the IPO was set at Rs 117 to Rs 124 per share.

The IPO comprised a fresh issue of 53,34,000 shares and an offer for sale (OFS) of 7,96,000 shares by existing shareholders.

The company intends to utilize the net proceeds for capital expenditure towards up...