Mangal Electrical Industries Ltd. makes a weak debut on the bourses with scrip got listed at Rs 558.00 on the Bombay Stock Exchange, a 0.53 per cent discount to its issue price of Rs 561.00. On the National Stock Exchange, the stock was listed at Rs 556.00.

The company, which raised 0.71 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 71.30 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Aug 20 to Aug 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 BSE.

The company anticipates using the proceeds of the issue for .

Systematix Corporate Services Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,786.54, down 849.37 points, or 1.04 per cent.