Solvex Edibles Ltd. makes a weak debut on the bourses with scrip got listed at Rs 68.00 on the Bombay Stock Exchange, a 5.55 per cent discount to its issue price of Rs 72.00.

The company, which raised 0.26 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 26.21 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 22 to Sep 24.

Following a weak opening, the scrip touched an intraday high of Rs 68.00 and a low of Rs 64.60, before closing the session up by 10.27 per cent to its listing price at Rs 64.60 on the BSE.

The company anticipates using the proceeds of the issue for To finance the Capital expenditure towards acquisition of new Plant and Machinery at existing plant of the Company, Repayment in full or in part, of certain of the outstanding borrowings, To meet General corporate purposes.

Corporate Makers Capital Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,983.31, up 715.69 points, or 0.89 per cent.