Bio Medica Laboratories Ltd. makes a weak debut on the bourses with scrip got listed at Rs 111.20 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 139.00. On the National Stock Exchange, the stock was listed at Rs 111.20.
The company, which raised 0.38 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 37.72 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from May 21 to May 25.
Following a weak opening, the scrip touched an intraday high of Rs 116.75 and a low of Rs 105.65, before closing the session up by 16.69 per cent to its listing price at Rs 115.80 on the NSE.
The company anticipates using the proceeds of the issue for .
Narnolia Financial Services Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 23,547.75, down 359.40 points, or 1.50 per cent.