Patil Automation Ltd. makes a strong debut on the bourses with scrip got listed at Rs 155.00 on the Bombay Stock Exchange, a 29.16 per cent premium to its issue price of Rs 120.00. On the National Stock Exchange, the stock was listed at Rs 155.00.

The company, which raised 0.58 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 58.01 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Jun 16 to Jun 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 NSE.

The company anticipates using the proceeds of the issue for .

Seren Capital Pvt. Ltd. as lead managers & Purva Shareregistry (India) Pvt Ltd is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 25,112.40, up 319.15 points, or 1.28 per cent.