EKI Energy Services Ltd. makes a strong debut on the bourses with scrip got listed at Rs 140.00 on the Bombay Stock Exchange, a 37.25 per cent premium to its issue price of Rs 102.00.

The company, which raised 0.18 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 18.24 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 24 to Mar 26.

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 To meet Working Capital requirements General Corporate Purpose To meet issue expenses.

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 49,201.39, up 42.07 points, or 0.08 per cent.