LGT Business Connextions Ltd. makes a weak debut on the bourses with scrip got listed at Rs 85.60 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 107.00.

The company, which raised 0.26 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 26.26 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Aug 19 to Aug 21.

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 .

Mark Corporate Advisors Pvt. Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 81,635.91, up 329.06 points, or 0.40 per cent.