Maks Energy Solutions India Ltd. makes a flat debut on the bourses with scrip got listed at Rs 20.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 20.00. On the National Stock Exchange, the stock was listed at Rs 20.00.

The company, which raised 0.20 Cr from initial public offering, was subscribed 26.29 times, receiving bids for 525.27 lakhs shares against the total issue size of 19.98 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 16 to Sep 20.

Following a flat 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 (a) Repayment/ prepayment, in full or part, of certain borrowings availed by the Company(b) General Corporate Purpose.

Sun Capital Advisory Services Pvt. Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 17,007.40, down 8.90 points, or 0.05 per cent.