Mumbai, June 4 -- The scrip was listed at Rs 132.75, a premium of 8.81% compared with the initial public offer (IPO) price. The stock was currently up 3.20% over its listing price.

The counter hit a high of Rs 137 and a low of Rs 132.50. About 15.45 lakh shares of the company changed hands at the counter.

Neptune Petrochemicals' IPO was subscribed 3.89 times. The issue opened for bidding on 28 May 2025 and it closed on 30 May 2025. The price band of the IPO was set at Rs 115 to Rs 122 per share.

The IPO comprised fresh issue of 60,00,000 equity shares. The promoter and promoter group shareholding diluted to 69.33% from 94.30% pre-issue.

The company intends to utilize the net proceeds for funding capital expenditure requirements toward...