Quadpro ITeS Ltd. makes a weak debut on the bourses with scrip got listed at Rs 19.80 on the Bombay Stock Exchange, a 1.00 per cent discount to its issue price of Rs 20.00. On the National Stock Exchange, the stock was listed at Rs 19.80.

The company, which raised 0.71 Cr from initial public offering, was subscribed 12.46 times, receiving bids for 878.16 lakhs shares against the total issue size of 70.50 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 20 to Sep 22.

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 NSE.

The company anticipates using the proceeds of the issue for To Meet Capital Expenditure Requirements Acquisitions and Other Strategic Initiatives For General Corporate Purposes.

BEELINE BROKING LIMITED as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 17,711.30, down 37.30 points, or 0.21 per cent.