Finbud Financial Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 157.00 on the Bombay Stock Exchange, a 10.56 per cent premium to its issue price of Rs 142.00. On the National Stock Exchange, the stock was listed at Rs 157.00.

The company, which raised 0.50 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 50.48 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Nov 06 to Nov 10.

Following a strong opening, the scrip touched an intraday high of Rs 164.85 and a low of Rs 157.00, before closing the session up by 16.09 per cent to its listing price at Rs 164.85 on the NSE.

The company anticipates using the proceeds of the issue for .

SKI Capital Services Limited as lead managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 25,879.15, up 3.35 points, or 0.01 per cent.