Propshop Events and Exhibitions Ltd. makes a weak debut on the bourses with scrip got listed at Rs 55.20 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 69.00. On the National Stock Exchange, the stock was listed at Rs 55.20.
The company, which raised 0.42 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 41.56 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Jul 27 to Jul 29.
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 NSE.
The company anticipates using the proceeds of the issue for .
Unistone Capital Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 24,383.60, up 66.45 points, or 0.27 per cent.