Shri Kanha Stainless Ltd. makes a weak debut on the bourses with scrip got listed at Rs 88.00 on the Bombay Stock Exchange, a 2.22 per cent discount to its issue price of Rs 90.00. On the National Stock Exchange, the stock was listed at Rs 88.00.
The company, which raised 0.51 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 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 Dec 03 to Dec 05.
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 7.11 per cent to its listing price at Rs 83.60 on the NSE.
The company anticipates using the proceeds of the issue for .
Kreo Capital Pvt. Ltd. as lead managers & MAS Services Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 25,758.00, down 81.65 points, or 0.31 per cent.