Mumbai, Feb. 23 -- The scrip was listed at Rs 185.90, a premium of 141.43% compared with 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 195.15 and a low of Rs 176.60. About 34.60 lakh shares of the company changed hands at the counter.

Thaai Casting's IPO was subscribed 247.99 times. The issue opened for bidding on 15 February 2024 and it closed on 20 February 2024. The price band of the IPO was fixed at Rs 73 to 77 per share.

The IPO comprised fresh issue of 61,29,600 shares. The company intends to utilise the net proceeds for capital expenditure and general corporate purposes.

Ahead of the IPO, Thaai Casting on 14 February 2024, raised...