Chavda Infra Ltd. makes a strong debut on the bourses with scrip got listed at Rs 91.00 on the Bombay Stock Exchange, a 40.00 per cent premium to its issue price of Rs 65.00. On the National Stock Exchange, the stock was listed at Rs 91.00.

The company, which raised 0.67 Cr from initial public offering, was subscribed 167.56 times, receiving bids for 11,152.79 lakhs shares against the total issue size of 66.56 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 12 to Sep 14.

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 .

Beeline Capital Advisors Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 19,674.25, down 68.10 points, or 0.34 per cent.