Suraj Estate Developers Ltd. makes a weak debut on the bourses with scrip got listed at Rs 343.80 on the Bombay Stock Exchange, a 4.50 per cent discount to its issue price of Rs 360.00. On the National Stock Exchange, the stock was listed at Rs 340.00.

The company, which raised 1.11 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 111.11 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Dec 18 to Dec 20.

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 .

ANAND RATHI ADVISORS LTD,ITI Capital Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 71,106.96, up 241.86 points, or 0.34 per cent.