Niks Technology Ltd. makes a strong debut on the bourses with scrip got listed at Rs 202.10 on the Bombay Stock Exchange, a 0.54 per cent premium to its issue price of Rs 201.00.

The company, which raised 0.01 Cr from initial public offering, was subscribed 4.11 times, receiving bids for 4.12 lakhs shares against the total issue size of 1.00 lakhs shares.

The company, listed under TS Group Securities post its IPO, opened for subscription from Mar 19 to Mar 23.

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 .

Gretex Corporate Services Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 50,136.58, up 1,128.08 points, or 2.30 per cent.