Scoda Tubes Ltd. makes a weak debut on the bourses with scrip got listed at Rs 0.00 on the Bombay Stock Exchange, a 100.00 per cent discount to its issue price of Rs 140.00. On the National Stock Exchange, the stock was listed at Rs 140.00.

The company, which raised 1.57 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 157.14 lakhs shares.

The company, listed under T Group Securities post its IPO, opened for subscription from May 28 to May 30.

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 .

Monarch Networth Capital Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,737.51, down 636.24 points, or 0.78 per cent.