Dove Soft Ltd. makes a weak debut on the bourses with scrip got listed at Rs 110.30 on the Bombay Stock Exchange, a 0.63 per cent discount to its issue price of Rs 111.00.
The company, which raised 0.66 Cr from initial public offering, was subscribed 1.36 times, receiving bids for 89.76 lakhs shares against the total issue size of 66.00 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 30 to Oct 05.
Following a weak opening, the scrip touched an intraday high of Rs 111.00 and a low of Rs 104.80, before closing the session up by 5.58 per cent to its listing price at Rs 104.80 on the BSE.
The company anticipates using the proceeds of the issue for .
Swastika Investmart Ltd. as lead managers & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 71,593.24, down 1,045.46 points, or 1.43 per cent.