Eastern Logica Infoway Ltd. makes a strong debut on the bourses with scrip got listed at Rs 270.00 on the Bombay Stock Exchange, a 20.00 per cent premium to its issue price of Rs 225.00.

The company, which raised 0.08 Cr from initial public offering, was subscribed 1.64 times, receiving bids for 12.35 lakhs shares against the total issue size of 7.53 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 05 to Jan 09.

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 Funding working capital requirements General corporate purposes.

Oneview Corporate Advisors Pvt. Ltd. as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 60,092.97, down 168.21 points, or 0.27 per cent.