Harikanta Overseas Ltd. makes a weak debut on the bourses with scrip got listed at Rs 79.75 on the Bombay Stock Exchange, a 12.36 per cent discount to its issue price of Rs 91.00.

The company, which raised 0.27 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 26.70 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from May 20 to May 27.

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 .

Interactive Financial Services Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 74,267.34, down 508.40 points, or 0.67 per cent.