Studds Accessories Ltd. makes a weak debut on the bourses with scrip got listed at Rs 570.00 on the Bombay Stock Exchange, a 2.56 per cent discount to its issue price of Rs 585.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 0.78 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 77.86 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Oct 30 to Nov 03.

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 .

ICICI SECURITIES LTD,IIFL Capital Services Limited as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 83,311.01, down 148.14 points, or 0.17 per cent.