Saroja Pharma Industries India Ltd. makes a weak debut on the bourses with scrip got listed at Rs 65.00 on the Bombay Stock Exchange, a 22.61 per cent discount to its issue price of Rs 84.00. On the National Stock Exchange, the stock was listed at Rs 65.00.
The company, which raised 0.11 Cr from initial public offering, was subscribed 8.47 times, receiving bids for 91.88 lakhs shares against the total issue size of 10.85 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Aug 31 to Sep 05.
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 .
SWASTIKA INVESTMART LIMITED as lead managers & Karvy Fintech Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 19,993.20, down 3.15 points, or 0.01 per cent.