SEDEMAC Mechatronics Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,510.00 on the Bombay Stock Exchange, a 11.68 per cent premium to its issue price of Rs 1,352.00. On the National Stock Exchange, the stock was listed at Rs 1,535.00.

The company, which raised 0.80 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 80.43 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 04 to Mar 06.

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 .

ICICI SECURITIES LTD,Axis Capital Ltd.,Avendus Capital Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 78,205.98, up 639.82 points, or 0.82 per cent.