eMudhra Ltd. makes a strong debut on the bourses with scrip got listed at Rs 271.00 on the Bombay Stock Exchange, a 5.85 per cent premium to its issue price of Rs 256.00. On the National Stock Exchange, the stock was listed at Rs 270.00.

The company, which raised 1.61 Cr from initial public offering, was subscribed 1.72 times, receiving bids for 277.70 lakhs shares against the total issue size of 161.24 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from May 20 to May 24.

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 .

YES Securities (India) Ltd.,IIFL Securities Limited,INDORIENT FINANCIAL SERVICES LIMITED as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 55,566.41, down 359.33 points, or 0.64 per cent.