One97 Communications Ltd. makes a weak debut on the bourses with scrip got listed at Rs 1,955.00 on the Bombay Stock Exchange, a 9.06 per cent discount to its issue price of Rs 2,150.00. On the National Stock Exchange, the stock was listed at Rs 1,950.00.
The company, which raised 8.51 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 851.16 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Nov 08 to Nov 10.
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 .
HDFC Bank Limited,Citigroup Global Markets India Pvt.Ltd.,Axis Capital Ltd.,JP Morgan India Private Limited.,Morgan Stanley India Company Private Limited,Goldman Sachs (India) Securities Pvt. Ltd.,ICICI Securities Ltd as lead managers & Link Intime India Private Limited is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 60,008.33, down 314.04 points, or 0.52 per cent.