Angel Broking Ltd. makes a weak debut on the bourses with scrip got listed at Rs 275.00 on the Bombay Stock Exchange, a 10.13 per cent discount to its issue price of Rs 306.00. On the National Stock Exchange, the stock was listed at Rs 275.00.
The company, which raised 1.96 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 196.08 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 22 to Sep 24.
Following a weak opening, the scrip touched an intraday high of Rs 296.45 and a low of Rs 256.60, before closing the session up by 9.85 per cent to its listing price at Rs 275.85 on the BSE.
The company anticipates using the proceeds of the issue for To meet working capital requirements, General corporate purposes.
ICICI Securities Ltd,Edelweiss Financial Services Ltd.,SBI Capital Markets Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 38,973.70, up 276.65 points, or 0.71 per cent.