New Delhi, May 11 -- Value 360 Communications share price made a weak debut on NSE SME today. Value 360 Communications share price today opened at Rs.78.40, which is 20% lower than the issue price of Rs.98. Post a disappointing debut, the stock was locked in 5% upper circuit at Rs.82.30 per share. Value 360 Communications share price touched an intraday low of Rs.74.50 per share today.

The Rs.41.69 crore IPO, which was open for subscription from 4 May to 6 May, saw its allotment finalised on 7 May and is set to list on the NSE SME platform on 11 May.

Despite muted sentiment in the grey market, the issue received an overall subscription of 1.20 times by the end of the bidding period.

Demand was largely driven by institutional investors,...