Beezaasan Explotech Ltd. makes a weak debut on the bourses with scrip got listed at Rs 146.00 on the Bombay Stock Exchange, a 16.57 per cent discount to its issue price of Rs 175.00.

The company, which raised 0.34 Cr from initial public offering, was subscribed 5.12 times, receiving bids for 175.35 lakhs shares against the total issue size of 34.25 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Feb 21 to Feb 25.

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 .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 73,198.10, down 1,414.33 points, or 1.89 per cent.