Fedbank Financial Services Ltd. makes a weak debut on the bourses with scrip got listed at Rs 137.75 on the Bombay Stock Exchange, a 1.60 per cent discount to its issue price of Rs 140.00. On the National Stock Exchange, the stock was listed at Rs 138.00.

The company, which raised 7.91 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 791.15 lakhs shares.

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

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,Equirus Capital Private Limited,JM Financial Limited,BNP Paribas as lead managers & Link Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 66,901.91, up 727.71 points, or 1.09 per cent.