Purple Wave Infocom Ltd. makes a strong debut on the bourses with scrip got listed at Rs 132.00 on the Bombay Stock Exchange, a 4.76 per cent premium to its issue price of Rs 126.00.

The company, which raised 0.25 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 24.96 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Nov 28 to Dec 02.

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 .

Smart Horizon Capital Advisors Pvt. Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 85,265.32, up 158.51 points, or 0.18 per cent.