Gabriel Pet Straps Ltd. makes a strong debut on the bourses with scrip got listed at Rs 115.00 on the Bombay Stock Exchange, a 13.86 per cent premium to its issue price of Rs 101.00.

The company, which raised 0.08 Cr from initial public offering, was subscribed 246.43 times, receiving bids for 1,966.51 lakhs shares against the total issue size of 7.98 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 31 to Feb 02.

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 .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 72,186.09, up 454.67 points, or 0.63 per cent.