Manas Polymers and Energies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 153.90 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 81.00. On the National Stock Exchange, the stock was listed at Rs 153.90.

The company, which raised 0.29 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 29.04 lakhs shares.

The company, listed under ST 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 NSE.

The company anticipates using the proceeds of the issue for Funding of capital expenditure requirements towards setting up of Solar Power Plant Funding of capital expenditure requirements towards purchase of Fixed Assets General corporate purposes.

Expert Global Consultants Pvt. Ltd. as lead managers & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,894.25, up 57.95 points, or 0.23 per cent.