Gian Life Care Ltd. makes a flat debut on the bourses with scrip got listed at Rs 22.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 22.00.

The company, which raised 0.14 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 14.16 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Dec 31 to Jan 03.

Following a flat opening, the scrip touched an intraday high of Rs 22.05 and a low of Rs 22.00, before closing the session down by 0.00 per cent to its listing price at Rs 22.00 on the BSE.

The company anticipates using the proceeds of the issue for To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao) To purchase advanced machinery and equipment Repayment/prepayment, of certain borrowings availed by the Company To meet issue expenses.

Hem Securities Ltd as lead managers & Cameo Corporate Services Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 41,859.69, up 259.97 points, or 0.62 per cent.