Dr. Agarwals Health Care Ltd. makes a weak debut on the bourses with scrip got listed at Rs 396.90 on the Bombay Stock Exchange, a 1.26 per cent discount to its issue price of Rs 402.00. On the National Stock Exchange, the stock was listed at Rs 402.00.
The company, which raised 7.53 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 753.05 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Jan 29 to Jan 31.
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 BSE.
The company anticipates using the proceeds of the issue for .
Kotak Mahindra Capital Company Ltd.,Motilal Oswal Investment Advisors Private Limited,Jefferies India Pvt. Ltd.,Morgan Stanley India Company Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 77,186.74, down 319.22 points, or 0.41 per cent.