Ascom Leasing & Investments Ltd. makes a strong debut on the bourses with scrip got listed at Rs 30.25 on the Bombay Stock Exchange, a 0.83 per cent premium to its issue price of Rs 30.00. On the National Stock Exchange, the stock was listed at Rs 30.25.

The company, which raised 0.21 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 21.08 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Nov 26 to Nov 28.

Following a strong opening, the scrip touched an intraday high of Rs 30.60 and a low of Rs 30.25, before closing the session up by 0.83 per cent to its listing price at Rs 30.25 on the NSE.

The company anticipates using the proceeds of the issue for For the purpose of onward lending, financing and augmenting the capital base, General corporate expenses, To meet the Issue expenses.

Fast Track Finsec Private Limited as lead managers & SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 11,921.50, down 96.90 points, or 0.80 per cent.