Karbonsteel Engineering Ltd. makes a strong debut on the bourses with scrip got listed at Rs 185.10 on the Bombay Stock Exchange, a 16.41 per cent premium to its issue price of Rs 159.00.

The company, which raised 0.37 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 37.30 lakhs shares.

The company, listed under MT 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 194.35 and a low of Rs 185.10, before closing the session up by 22.23 per cent to its listing price at Rs 194.35 on the BSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 82,380.69, up 594.95 points, or 0.72 per cent.