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Deepak Builders & Engineers India Ltd. makes a weak debut on the bourses with scrip got listed at Rs 198.50 on the Bombay Stock Exchange, a 2.21 per cent discount to its issue price of Rs 203.00. On the National Stock Exchange, the stock was listed at Rs 200.00.
The company, which raised 1.28 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 128.10 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Oct 21 to Oct 23.
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 .
Fedex Securities Private Limited as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 79,402.29, down 662.87 points, or 0.82 per cent.
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