Samhi Hotels Ltd. makes a strong debut on the bourses with scrip got listed at Rs 130.55 on the Bombay Stock Exchange, a 3.61 per cent premium to its issue price of Rs 126.00. On the National Stock Exchange, the stock was listed at Rs 134.50.

The company, which raised 10.87 Cr from initial public offering, was subscribed 3.55 times, receiving bids for 3,860.20 lakhs shares against the total issue size of 1,087.38 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 14 to Sep 18.

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 .

JM Financial Ltd.,Kotak Mahindra Capital Company Limited as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 66,230.24, down 570.60 points, or 0.85 per cent.