Computer Age Management Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,518.00 on the Bombay Stock Exchange, a 23.41 per cent premium to its issue price of Rs 1,230.00.

The company, which raised 1.82 Cr from initial public offering, was subscribed 46.68 times, receiving bids for 8,518.19 lakhs shares against the total issue size of 182.47 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 21 to Sep 23.

Following a strong opening, the scrip touched an intraday high of Rs 1,550.00 and a low of Rs 1,306.20, before closing the session up by 13.95 per cent to its listing price at Rs 1,401.60 on the BSE.

The company anticipates using the proceeds of the issue for .

HDFC Bank Limited,Kotak Mahindra Capital Company Ltd.,Nomura Financial Advisory & Securities (I) P Ltd.,ICICI Securities Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 38,697.05, up 629.12 points, or 1.65 per cent.