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EPack Prefab Technologies Ltd. makes a weak debut on the bourses with scrip got listed at Rs 186.10 on the Bombay Stock Exchange, a 8.77 per cent discount to its issue price of Rs 204.00. On the National Stock Exchange, the stock was listed at Rs 183.85.
The company, which raised 2.47 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 247.06 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 24 to Sep 26.
Following a weak opening, the scrip touched an intraday high of Rs 197.75 and a low of Rs 183.85, before closing the session up by 6.32 per cent to its listing price at Rs 191.10 on the BSE.
The company anticipates using the proceeds of the issue for .
Motilal Oswal Investment Advisors Limited,Monarch Networth Capital Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 80,983.31, up 715.69 points, or 0.89 per cent.
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