Hero Motors Ltd. makes a weak debut on the bourses with scrip got listed at Rs 82.10 on the Bombay Stock Exchange, a 2.26 per cent discount to its issue price of Rs 84.00. On the National Stock Exchange, the stock was listed at Rs 82.00.
The company, which raised 11.90 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 1,190.48 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 16 to Sep 18.
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,JM Financial Ltd.,DAM Capital Advisors Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 74,529.08, down 329.91 points, or 0.44 per cent.