Orkla India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 751.50 on the Bombay Stock Exchange, a 2.94 per cent premium to its issue price of Rs 730.00. On the National Stock Exchange, the stock was listed at Rs 750.10.

The company, which raised 2.28 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 228.43 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Oct 29 to Oct 31.

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 .

Kotak Mahindra Capital Company Ltd.,ICICI SECURITIES LTD,JP Morgan India Private Limited.,Citigroup Global Markets India Private Limited as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 83,459.15, down 519.34 points, or 0.61 per cent.