Yasons Chemex Care Ltd. makes a weak debut on the bourses with scrip got listed at Rs 32.00 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 40.00. On the National Stock Exchange, the stock was listed at Rs 32.00.
The company, which raised 0.51 Cr from initial public offering, was subscribed 55.38 times, receiving bids for 2,847.42 lakhs shares against the total issue size of 51.42 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jul 24 to Jul 26.
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 .
Fedex Securities Private Limited as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,526.55, down 207.00 points, or 1.04 per cent.