Mumbai, Aug. 11 -- The scrip was listed at Rs 174, a premium of 2.35% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 182.70 and a low of Rs 169. About 11.66 lakh shares of the company changed hands at the counter.

Parth Electricals & Engineering's IPO was subscribed 22.20 times. The issue opened for bidding on 4 August 2025 and it closed on 6 August 2025. The price band of the IPO was set at Rs 160 to 170 per share.

The IPO comprised fresh issue of 29,24,800 shares. The company intends to utilize the net proceeds for establishing GIS manufacturing facility in Gujarat, establishing manufacturing facility in Odisha, repayment of short ...