Value 360 Communications Ltd. makes a weak debut on the bourses with scrip got listed at Rs 78.40 on the Bombay Stock Exchange, a 20.00 per cent discount to its issue price of Rs 98.00. On the National Stock Exchange, the stock was listed at Rs 78.40.

The company, which raised 0.43 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 42.53 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from May 04 to May 06.

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 .

Horizon Management Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,176.15, down 150.50 points, or 0.61 per cent.