ArMee Infotech Ltd. makes a weak debut on the bourses with scrip got listed at Rs 368.85 on the Bombay Stock Exchange, a 1.64 per cent discount to its issue price of Rs 375.00. On the National Stock Exchange, the stock was listed at Rs 375.00.
The company, which raised 0.80 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 80.00 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 23 to Sep 25.
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 .
Saffron Capital Advisors Pvt. Ltd.,Khandwala Securities Ltd. as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 72,529.07, down 242.65 points, or 0.33 per cent.