Paradeep Parivahan Ltd. makes a weak debut on the bourses with scrip got listed at Rs 78.40 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 98.00.
The company, which raised 0.46 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 45.78 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 17 to Mar 19.
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 .
Share India Capital Services Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 76,905.51, up 557.45 points, or 0.73 per cent.