Signatureglobal (India) Ltd. makes a strong debut on the bourses with scrip got listed at Rs 445.00 on the Bombay Stock Exchange, a 15.58 per cent premium to its issue price of Rs 385.00. On the National Stock Exchange, the stock was listed at Rs 444.00.

The company, which raised 1.98 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 197.76 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 20 to Sep 22.

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 Repayment or prepayment, in full or in part, of certain borrowings availed by the Company Infusion of funds in certain of the Subsidiaries, namely Signatureglobal Homes, Signatureglobal Developers,Signatureglobal Business Park and Sternal Buildcon for repayment or prepayment, in full or in part, of certainborrowings availed by the Subsidiaries Inorganic growth through land acquisitions and general corporate purposes.

KOTAK MAHINDRA CAPITAL COMPANY LTD,ICICI SECURITIES LTD,Axis Capital Ltd as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 65,945.47, down 78.22 points, or 0.11 per cent.