Oval Projects Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 85.25 on the Bombay Stock Exchange, a 0.29 per cent premium to its issue price of Rs 85.00.

The company, which raised 0.55 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 54.99 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Aug 28 to Sep 01.

Following a strong opening, the scrip touched an intraday high of Rs 86.00 and a low of Rs 85.00, before closing the session up by 0.05 per cent to its listing price at Rs 85.05 on the BSE.

The company anticipates using the proceeds of the issue for .

SMC Capitals Limited as lead managers & MAS Services Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,718.01, up 150.30 points, or 0.18 per cent.