Om Metallogic Ltd. makes a weak debut on the bourses with scrip got listed at Rs 85.00 on the Bombay Stock Exchange, a 1.16 per cent discount to its issue price of Rs 86.00.

The company, which raised 0.26 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 25.98 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 29 to Oct 01.

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 To finance the Capital expenditure requirements for the purchase of Equipment/Machineries for existing manufacturing facility To part finance the requirement of Working Capital Repayment/prepayment, in full or in part, of certain borrowings availed by the Company To meet General corporate purposes.

Corporate Makers Capital Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 81,790.12, up 582.95 points, or 0.71 per cent.