Srinibas Pradhan Constructions Ltd. makes a strong debut on the bourses with scrip got listed at Rs 100.05 on the Bombay Stock Exchange, a 2.09 per cent premium to its issue price of Rs 98.00. On the National Stock Exchange, the stock was listed at Rs 100.05.

The company, which raised 0.21 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 20.74 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 06 to Mar 10.

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 .

Novus Capital Advisors Pvt. Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 23,639.15, down 227.70 points, or 0.95 per cent.