Nazara Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,971.00 on the Bombay Stock Exchange, a 79.01 per cent premium to its issue price of Rs 1,101.00. On the National Stock Exchange, the stock was listed at Rs 1,990.00.

The company, which raised 0.53 Cr from initial public offering, was subscribed 96.53 times, receiving bids for 5,110.59 lakhs shares against the total issue size of 52.94 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 17 to Mar 19.

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 .

Jefferies India Pvt. Ltd.,Nomura Financial Advisory & Securities (I) P Ltd.,IIFL Securities Limited,ICICI Securities Ltd as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 49,008.50, up 568.38 points, or 1.17 per cent.