Armour Security (India) Ltd. makes a weak debut on the bourses with scrip got listed at Rs 45.60 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 57.00. On the National Stock Exchange, the stock was listed at Rs 45.60.

The company, which raised 0.47 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 46.50 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Jan 14 to Jan 19.

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 NSE.

The company anticipates using the proceeds of the issue for .

Corpwis Advisors Pvt. Ltd. as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 25,157.50, down 75.00 points, or 0.29 per cent.