Rukmani Devi Garg Agro Impex Ltd. makes a weak debut on the bourses with scrip got listed at Rs 79.20 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 99.00.
The company, which raised 0.24 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 23.76 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 26 to Sep 30.
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 Funding the working capital requirements General Corporate Purpose.
Fedex Securities Private Limited as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 81,207.17, up 223.86 points, or 0.27 per cent.