Kalyan Jewellers India Ltd. makes a weak debut on the bourses with scrip got listed at Rs 73.90 on the Bombay Stock Exchange, a 15.05 per cent discount to its issue price of Rs 87.00. On the National Stock Exchange, the stock was listed at Rs 73.95.

The company, which raised 13.51 Cr from initial public offering, was subscribed 2.25 times, receiving bids for 3,043.79 lakhs shares against the total issue size of 1,350.57 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 16 to Mar 18.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for Funding working capital requirements of the Company General corporate purposes.

Citigroup Global Markets India Pvt.Ltd.,Axis Capital Ltd.,SBI Capital Markets Limited,BOB Capital Markets Ltd.,ICICI Securities Ltd as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 48,440.12, down 740.19 points, or 1.50 per cent.