Ajwa Projects Ltd. makes a flat debut on the bourses with scrip got listed at Rs 203.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 203.00.

The company, which raised 0.19 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 18.74 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Oct 28 to Oct 30.

Following a flat 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 Capital Expenditure requirements towards acquisition of Equipment, transport vehicle/assets Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions Funding working capital requirement General Corporate Purposes.

Wealth Mine Networks Pvt. Ltd. as lead managers & is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 76,917.85, up 1,225.07 points, or 1.61 per cent.