Neochem Bio Solutions Ltd. makes a strong debut on the bourses with scrip got listed at Rs 108.00 on the Bombay Stock Exchange, a 10.20 per cent premium to its issue price of Rs 98.00. On the National Stock Exchange, the stock was listed at Rs 108.00.

The company, which raised 0.46 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 45.89 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Dec 02 to Dec 04.

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 .

Vivro Financial Services Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 25,960.55, down 225.90 points, or 0.86 per cent.