Zetwerk Manufacturing Businesses Ltd. makes a strong debut on the bourses with scrip got listed at Rs 159.00 on the Bombay Stock Exchange, a 5.29 per cent premium to its issue price of Rs 151.00. On the National Stock Exchange, the stock was listed at Rs 159.25.

The company, which raised 33.19 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 3,319.42 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Oct 15 to Oct 19.

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 the Company & certain of the Subsidiaries Funding inorganic growth through unidentified acquisitions & other strategic acquisitions, and general corporate purposes Expenses in relation to the Fresh Issue.

Kotak Mahindra Capital Company Ltd.,HSBC Securities and Capital Markets (India) Privat,JM Financial Limited,Pantomath Capital Advisors Pvt. Ltd.,Avendus Capital Pvt. Ltd.,Morgan Stanley India Company Pvt. Ltd.,Goldman Sachs (India) Securities Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 73,249.39, down 460.30 points, or 0.62 per cent.