Powerica Ltd. makes a weak debut on the bourses with scrip got listed at Rs 375.00 on the Bombay Stock Exchange, a 5.06 per cent discount to its issue price of Rs 395.00. On the National Stock Exchange, the stock was listed at Rs 366.00.

The company, which raised 2.78 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 278.48 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 24 to Mar 27.

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,IIFL Capital Services Limited,Nuvama Wealth Management Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 73,134.32, up 1,186.77 points, or 1.64 per cent.