Seshaasai Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 436.00 on the Bombay Stock Exchange, a 3.07 per cent premium to its issue price of Rs 423.00. On the National Stock Exchange, the stock was listed at Rs 432.00.

The company, which raised 1.92 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 192.22 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 23 to Sep 25.

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 Funding capital expenditure for the expansion of existing manufacturing units, Repayment and / or prepayment, in part or in full, of certain outstanding borrowings of the Company, General corporate purposes.

IIFL Capital Services Limited,SBI Capital Markets Ltd.,ICICI Securities Ltd as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,364.94, down 61.52 points, or 0.07 per cent.