Vivekanand Cotspin Ltd. makes a strong debut on the bourses with scrip got listed at Rs 38.00 on the Bombay Stock Exchange, a 2.70 per cent premium to its issue price of Rs 37.00.

The company, which raised 0.60 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 60.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 21 to Sep 23.

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 requirements towards Plant & Machinery To meet Working Capital requirements General Corporate Purpose.

Swastika Investmart Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 73,895.74, up 315.20 points, or 0.42 per cent.