Barbeque-Nation Hospitality Ltd. makes a weak debut on the bourses with scrip got listed at Rs 492.00 on the Bombay Stock Exchange, a 1.60 per cent discount to its issue price of Rs 500.00. On the National Stock Exchange, the stock was listed at Rs 489.85.

The company, which raised 0.46 Cr from initial public offering, was subscribed 5.96 times, receiving bids for 275.25 lakhs shares against the total issue size of 46.18 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 24 to Mar 26.

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 Capital expenditure for expansion and opening of new restaurants by the Company Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company on a consolidated basis General corporate purposes.

Axis Capital Ltd.,Ambit Capital Private Limited,SBI Capital Markets Limited,IIFL Securities Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 49,201.39, up 42.07 points, or 0.08 per cent.