JSW Cement Ltd. makes a strong debut on the bourses with scrip got listed at Rs 153.00 on the Bombay Stock Exchange, a 4.08 per cent premium to its issue price of Rs 147.00. On the National Stock Exchange, the stock was listed at Rs 153.50.

The company, which raised 24.49 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 2,448.98 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Aug 07 to Aug 11.

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 .

Axis Capital Ltd.,Citigroup Global Markets India Private Limited,Kotak Mahindra Capital Company Limited,JM Financial Ltd.,SBI Capital Markets Ltd.,Jefferies India Pvt. Ltd.,DAM Capital Advisors Ltd.,Goldman Sachs (India) Securities Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,539.91, up 304.32 points, or 0.37 per cent.