Veer Global Infraconstruction Ltd. makes a strong debut on the bourses with scrip got listed at Rs 31.00 on the Bombay Stock Exchange, a 10.71 per cent premium to its issue price of Rs 28.00.

The company, which raised 0.18 Cr from initial public offering, was subscribed 1.51 times, receiving bids for 26.52 lakhs shares against the total issue size of 17.56 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 30 to Oct 09.

Following a strong opening, the scrip touched an intraday high of Rs 31.00 and a low of Rs 29.45, before closing the session up by 5.35 per cent to its listing price at Rs 29.50 on the BSE.

The company anticipates using the proceeds of the issue for I To Meet the Short term Working Capital Expenses,II General corporate purpose,III To Meet the Issue Expenses.

CapitalSquare Advisors Pvt. Ltd. as lead managers & PURVA SHAREGISTRY INDIA PRIVATE LIMITED is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 40,431.60, up 448.62 points, or 1.12 per cent.