Ganesh Consumer Products Ltd. makes a weak debut on the bourses with scrip got listed at Rs 295.00 on the Bombay Stock Exchange, a 8.38 per cent discount to its issue price of Rs 322.00. On the National Stock Exchange, the stock was listed at Rs 295.00.
The company, which raised 1.27 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 126.96 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 22 to Sep 24.
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 .
Motilal Oswal Investment Advisors Limited,IIFL Capital Services Limited,DAM Capital Advisors Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 80,426.46, down 733.22 points, or 0.90 per cent.