Kuberan Global Edu Solutions Ltd. makes a strong debut on the bourses with scrip got listed at Rs 21.00 on the Bombay Stock Exchange, a 5.00 per cent premium to its issue price of Rs 20.00.

The company, which raised 0.06 Cr from initial public offering, was subscribed 2.47 times, receiving bids for 13.78 lakhs shares against the total issue size of 5.58 lakhs shares.

The company, listed under TS Group Securities post its IPO, opened for subscription from Apr 20 to Apr 27.

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 Capital expenditure for Digitalizing Banking Course through online mode by using Information Technology General Corporate Purposes.

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 48,253.51, down 465.01 points, or 0.95 per cent.