Modern Diagnostic & Research Centre Ltd. makes a strong debut on the bourses with scrip got listed at Rs 99.50 on the Bombay Stock Exchange, a 10.55 per cent premium to its issue price of Rs 90.00.

The company, which raised 0.41 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 40.99 lakhs shares.

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

Beeline Capital Advisors Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 85,063.34, down 376.28 points, or 0.44 per cent.