Mumbai, May 24 -- The scrip was listed at Rs 525, a premium of 123.40% compared with the initial public offer (IPO) price. The stock is currently frozen in its lower limit of 5% over its listing price.

The counter hit a high of Rs 551.25 and a low of Rs 498.75. About 4.45 lakh shares of the company changed hands at the counter.

Rulka Electricals' IPO was subscribed 600.72 times. The issue opened for bidding on 16 May 2024 and it closed on 21 May 2024. The price band of the IPO was fixed between Rs 223 to Rs 235 per share.

The IPO comprised fresh issue of 8,42,400 equity shares. The promoter and promoter group shareholding diluted to 69.22% from 86.28% pre-IPO.

The issue size comprises of fresh issue of 8,42,400 and offer for sale (OFS...