Hemant Surgical Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 171.00 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 90.00.

The company, which raised 0.28 Cr from initial public offering, was subscribed 139.87 times, receiving bids for 3,860.55 lakhs shares against the total issue size of 27.60 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from May 24 to May 26.

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 .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 62,547.11, up 118.57 points, or 0.18 per cent.