Onyx Biotec Ltd. makes a weak debut on the bourses with scrip got listed at Rs 54.05 on the Bombay Stock Exchange, a 11.39 per cent discount to its issue price of Rs 61.00. On the National Stock Exchange, the stock was listed at Rs 54.05.
The company, which raised 0.48 Cr from initial public offering, was subscribed 185.63 times, receiving bids for 8,928.80 lakhs shares against the total issue size of 48.10 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Nov 13 to Nov 18.
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 NSE.
The company anticipates using the proceeds of the issue for .
Horizon Management Pvt. Ltd. as lead managers & MAS Services Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 23,349.90, down 168.60 points, or 0.71 per cent.