Shree TNB Polymers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 60.00 on the Bombay Stock Exchange, a 15.38 per cent premium to its issue price of Rs 52.00.

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 25 to Sep 29.

Following a strong opening, the scrip touched an intraday high of Rs 60.00 and a low of Rs 57.00, before closing the session up by 9.61 per cent to its listing price at Rs 57.00 on the BSE.

The company anticipates using the proceeds of the issue for Capital Expenditure for purchase of machineries Capital Expenditure for the purchase and installation of Solar panel/ Roof top Part finances the capital expenditure for construction/ installation of PreEngineered Building (PEB) structure for new manufacturing facility Repayment of certain borrowings To meet out the General Corporate Purposes.

Corporate Makers Capital Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 71,593.24, down 1,045.46 points, or 1.43 per cent.