Ameenji Rubber Ltd. makes a strong debut on the bourses with scrip got listed at Rs 101.00 on the Bombay Stock Exchange, a 1.00 per cent premium to its issue price of Rs 100.00.

The company, which raised 0.30 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 30.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 26 to Sep 30.

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 BSE.

The company anticipates using the proceeds of the issue for Funding of Capital Expenditure towards Modernization of Existing Machinery and Procurement of New Machinery for newproduct LineConveyor Belting Unit Repayment and/or prepayment, in full or part, of certain borrowings availed by the Company General Corporate Purpose.

Hem Securities Ltd as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 81,207.17, up 223.86 points, or 0.27 per cent.