Prasol Chemicals Ltd. makes a weak debut on the bourses with scrip got listed at Rs 611.00 on the Bombay Stock Exchange, a 9.61 per cent discount to its issue price of Rs 676.00. On the National Stock Exchange, the stock was listed at Rs 610.00.
The company, which raised 0.74 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 73.96 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 08 to Sep 10.
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 .
DAM Capital Advisors Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 74,003.82, down 777.94 points, or 1.04 per cent.