Prince Pipes & Fittings Ltd. makes a weak debut on the bourses with scrip got listed at Rs 160.00 on the Bombay Stock Exchange, a 10.11 per cent discount to its issue price of Rs 178.00. On the National Stock Exchange, the stock was listed at Rs 160.00.

The company, which raised 2.81 Cr from initial public offering, was subscribed 1.68 times, receiving bids for 472.67 lakhs shares against the total issue size of 280.90 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 177.95 and a low of Rs 152.60, before closing the session up by 6.40 per cent to its listing price at Rs 166.60 on the BSE.

The company anticipates using the proceeds of the issue for .

Edelweiss Financial Services Ltd.,JM Financial Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 41,558.00, down 17.14 points, or 0.04 per cent.