ARC Insulation & Insulators Ltd. makes a strong debut on the bourses with scrip got listed at Rs 145.00 on the Bombay Stock Exchange, a 16.00 per cent premium to its issue price of Rs 125.00. On the National Stock Exchange, the stock was listed at Rs 145.00.

The company, which raised 0.33 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 32.95 lakhs shares.

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

Following a strong 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 .

Gretex Corporate Services Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,500.90, down 211.15 points, or 0.85 per cent.