Eventions Ltd. makes a weak debut on the bourses with scrip got listed at Rs 111.00 on the Bombay Stock Exchange, a 5.93 per cent discount to its issue price of Rs 118.00. On the National Stock Exchange, the stock was listed at Rs 111.00.
The company, which raised 0.32 Cr from initial public offering, was subscribed 2.32 times, receiving bids for 74.95 lakhs shares against the total issue size of 32.30 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 30 to Oct 05.
Following a weak opening, the scrip touched an intraday high of Rs 111.00 and a low of Rs 105.45, before closing the session up by 10.63 per cent to its listing price at Rs 105.45 on the NSE.
The company anticipates using the proceeds of the issue for .
Corporate Professionals Capital Pvt. Ltd. as lead managers & Mudra RTA Ventures Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 22,520.45, up 288.65 points, or 1.29 per cent.