BCPL Railway Infrastructure Ltd. makes a strong debut on the bourses with scrip got listed at Rs 36.00 on the Bombay Stock Exchange, a 2.85 per cent premium to its issue price of Rs 35.00.

The company, which raised 0.49 Cr from initial public offering, was subscribed 1.25 times, receiving bids for 60.75 lakhs shares against the total issue size of 48.60 lakhs shares.

The company, listed under SM Group Securities post its IPO, opened for subscription from Oct 05 to Oct 11.

Following a strong opening, the scrip touched an intraday high of Rs 37.80 and a low of Rs 36.00, before closing the session up by 3.71 per cent to its listing price at Rs 36.30 on the BSE.

The company anticipates using the proceeds of the issue for .

Gretex Corporate Services Private Limited as lead managers & Bigshare Services Pvt Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 34,067.40, up 718.09 points, or 2.15 per cent.