Pine Labs Ltd. makes a strong debut on the bourses with scrip got listed at Rs 242.00 on the Bombay Stock Exchange, a 9.50 per cent premium to its issue price of Rs 221.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 17.65 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 1,764.66 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Nov 07 to Nov 11.

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 .

Axis Capital Ltd.,JP Morgan India Private Limited.,Citigroup Global Markets India Pvt. Ltd.,Jefferies India Pvt. Ltd.,Morgan Stanley India Company Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 84,478.67, up 12.16 points, or 0.01 per cent.