ATC Energies System Ltd. makes a weak debut on the bourses with scrip got listed at Rs 107.00 on the Bombay Stock Exchange, a 9.32 per cent discount to its issue price of Rs 118.00. On the National Stock Exchange, the stock was listed at Rs 107.00.

The company, which raised 0.54 Cr from initial public offering, was subscribed 1.29 times, receiving bids for 69.71 lakhs shares against the total issue size of 54.04 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 25 to Mar 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 NSE.

The company anticipates using the proceeds of the issue for .

Indorient Financial Services Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 23,165.70, down 353.65 points, or 1.50 per cent.