Gandhar Oil Refinery (India) Ltd. makes a strong debut on the bourses with scrip got listed at Rs 295.40 on the Bombay Stock Exchange, a 74.79 per cent premium to its issue price of Rs 169.00. On the National Stock Exchange, the stock was listed at Rs 298.00.

The company, which raised 3.01 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 301.32 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Nov 22 to Nov 24.

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 .

ICICI SECURITIES LTD,Nuvama Wealth Management Ltd. as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 66,901.91, up 727.71 points, or 1.09 per cent.