New Delhi, May 9 -- Shares of Kenrik Industries reached the 5 per cent upper circuit at Rs 26.26 per share on the BSE SME on Friday, May 9, following a flat listing at Rs 25.01 per share against its issue price of Rs 24.5. Trading was subsequently halted on the exchange.

The company saw approximately 0.2 million equity shares worth around Rs 0.52 crore change hands on the BSE SME today. The listing performance aligned with grey market expectations, where shares were trading at approximately Rs 25 apiece prior to the debut.

Kenrik Industries' Rs 8.75 crore SME IPO comprised a fresh issue of 3.5 million equity shares with no offer for sale component.

The IPO, priced at Rs 25 per share with a minimum lot size of 6,000 shares, was open for...