SRIT India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 139.80 on the Bombay Stock Exchange, a 7.53 per cent premium to its issue price of Rs 130.00. On the National Stock Exchange, the stock was listed at Rs 148.00.

The company, which raised 1.68 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 168.00 lakhs shares.

The company, listed under T Group Securities post its IPO, opened for subscription from Sep 28 to Sep 30.

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 of capital expenditure requirements towards modernization of existing products and redevelopment Funding working capital requirements of the Company Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

Choice Capital Advisors Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 72,382.47, up 472.77 points, or 0.65 per cent.