Diksha Polymers shares hit the 5% upper circuit on the Bombay Stock Exchange's SME platform on Wednesday, following a modest listing premium.
The stock opened at ₹114.50, representing a 2.23% gain over the ₹112.00 issue price, before climbing to an intraday high of ₹120.20.
The sharp move locked the shares at the daily price ceiling, signaling strong initial buying interest from retail investors.
The listing performance underscores continued appetite for small-cap equities on India's SME exchange, where liquidity constraints often amplify price volatility on debut days.
While the initial premium was subdued compared to some recent high-profile listings, the subsequent rally to the upper circuit suggests that early selling pressure was quickly absorbed by buyers.
This debut follows a pattern of active trading on the SME platform, with other recent listings such as Clay Craft India also seeing significant premiums and rapid moves to upper price bands.