Fractal Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 229.00 on the Bombay Stock Exchange, a 6.01 per cent premium to its issue price of Rs 216.00.

The company, which raised 0.23 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 22.69 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Feb 16 to Feb 18.

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 .

Finaax Capital Advisors Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 83,294.66, up 479.95 points, or 0.57 per cent.