Heranba Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 900.00 on the Bombay Stock Exchange, a 43.54 per cent premium to its issue price of Rs 627.00. On the National Stock Exchange, the stock was listed at Rs 900.00.

The company, which raised 1.00 Cr from initial public offering, was subscribed 83.19 times, receiving bids for 8,295.65 lakhs shares against the total issue size of 99.72 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Feb 23 to Feb 25.

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 To fund working capital requirements To fund expenditures towards general corporate purposes.

Batlivala & Karani Securities India Private Limite,Emkay Global Financial Services Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 50,846.08, down 598.57 points, or 1.16 per cent.