Rentomojo Ltd. makes a strong debut on the bourses with scrip got listed at Rs 480.00 on the Bombay Stock Exchange, a 18.81 per cent premium to its issue price of Rs 404.00. On the National Stock Exchange, the stock was listed at Rs 482.45.

The company, which raised 3.11 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 310.78 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 09 to Sep 11.

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 .

Axis Capital Limited,Motilal Oswal Investment Advisors Limited,IIFL Capital Services Limited as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 74,336.45, up 332.63 points, or 0.44 per cent.