Ajax Engineering Ltd. makes a weak debut on the bourses with scrip got listed at Rs 593.00 on the Bombay Stock Exchange, a 5.72 per cent discount to its issue price of Rs 629.00. On the National Stock Exchange, the stock was listed at Rs 576.00.
The company, which raised 2.02 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 201.80 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Feb 10 to Feb 12.
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 .
ICICI SECURITIES LTD,Citigroup Global Markets India Private Limited,JM Financial Limited,SBI Capital Markets Ltd.,Nuvama Wealth Management Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 75,939.21, down 199.76 points, or 0.26 per cent.