Amba Auto Sales and Services Ltd. makes a weak debut on the bourses with scrip got listed at Rs 134.50 on the Bombay Stock Exchange, a 0.37 per cent discount to its issue price of Rs 135.00. On the National Stock Exchange, the stock was listed at Rs 134.50.

The company, which raised 0.48 Cr from initial public offering, was subscribed 1.20 times, receiving bids for 57.89 lakhs shares against the total issue size of 48.24 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Apr 27 to Apr 29.

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 .

CapitalSquare Advisors Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,119.30, up 121.75 points, or 0.50 per cent.