Valencia India Ltd. makes a weak debut on the bourses with scrip got listed at Rs 88.00 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 110.00.
The company, which raised 0.44 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 44.50 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 26 to Jun 30.
Following a weak opening, the scrip touched an intraday high of Rs 88.00 and a low of Rs 83.60, before closing the session up by 24.00 per cent to its listing price at Rs 83.60 on the BSE.
The company anticipates using the proceeds of the issue for .
Interactive Financial Services Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 83,239.47, down 170.22 points, or 0.20 per cent.