Amagi Media Labs Ltd. makes a weak debut on the bourses with scrip got listed at Rs 317.00 on the Bombay Stock Exchange, a 12.18 per cent discount to its issue price of Rs 361.00. On the National Stock Exchange, the stock was listed at Rs 318.00.
The company, which raised 4.95 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 495.46 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Jan 13 to Jan 16.
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 .
Kotak Mahindra Capital Company Ltd.,Citigroup Global Markets India Private Limited,IIFL Capital Services Limited,Avendus Capital Pvt. Ltd.,Goldman Sachs (India) Securities Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 82,180.47, down 1,065.71 points, or 1.28 per cent.