Shivashrit Foods Ltd. makes a strong debut on the bourses with scrip got listed at Rs 148.50 on the Bombay Stock Exchange, a 4.57 per cent premium to its issue price of Rs 142.00. On the National Stock Exchange, the stock was listed at Rs 148.50.

The company, which raised 0.49 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 49.32 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Aug 22 to Aug 26.

Following a strong opening, the scrip touched an intraday high of Rs 148.50 and a low of Rs 141.10, before closing the session up by 0.38 per cent to its listing price at Rs 141.45 on the NSE.

The company anticipates using the proceeds of the issue for .

Mark Corporate Advisors Pvt. Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,625.05, up 198.20 points, or 0.81 per cent.