Labelkraft Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 56.00 on the Bombay Stock Exchange, a 1.81 per cent premium to its issue price of Rs 55.00.

The company, which raised 0.09 Cr from initial public offering, was subscribed 50.61 times, receiving bids for 437.27 lakhs shares against the total issue size of 8.64 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 13 to Mar 15.

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 .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 58,214.59, up 139.91 points, or 0.24 per cent.