Mumbai, Oct. 1 -- The scrip was listed at Rs 60, a discount of 20% over the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 60 and a low of Rs 57. About 11,000 shares of the company changed hands at the counter.

Gurunanak Agriculture India's IPO was subscribed 1.68 times. The issue opened for bidding on 24 September 2025 and it closed on 26 September 2025. The price of the IPO was fixed at Rs 75 per share.

The IPO comprised a fresh issue of 43, 38,40,000 equity shares. The promoter and promoter shareholding diluted to 68% from 99.99% pre-IPO.

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