SMR Jewels Ltd. makes a weak debut on the bourses with scrip got listed at Rs 102.95 on the Bombay Stock Exchange, a 19.57 per cent discount to its issue price of Rs 128.00.

The company, which raised 0.50 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 49.80 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from May 26 to Jun 03.

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 .

Wealth Mine Networks Pvt. Ltd. as lead managers & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 74,243.34, down 116.67 points, or 0.15 per cent.