BLS Polymers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 244.10 on the Bombay Stock Exchange, a 62.73 per cent premium to its issue price of Rs 150.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 1.70 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 170.00 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Oct 27 to Oct 29.

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 Financing the capital expenditure requirement towards expansion of the existing manufacturing facility at Goa (“Manufacturing Facility) by increasing the manufacturing capacity of certain of the existing products Funding working capital requirements of the Company General Corporate Purposes.

Unistone Capital Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 75,692.78, up 1,233.25 points, or 1.65 per cent.