VELS Film International Ltd. makes a strong debut on the bourses with scrip got listed at Rs 101.00 on the Bombay Stock Exchange, a 2.02 per cent premium to its issue price of Rs 99.00. On the National Stock Exchange, the stock was listed at Rs 101.00.

The company, which raised 0.34 Cr from initial public offering, was subscribed 1.04 times, receiving bids for 35.44 lakhs shares against the total issue size of 34.08 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 10 to Mar 14.

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 NSE.

The company anticipates using the proceeds of the issue for .

Khambatta Securities Ltd as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 17,107.50, up 119.10 points, or 0.70 per cent.