SPP Polymer Ltd. makes a strong debut on the bourses with scrip got listed at Rs 63.00 on the Bombay Stock Exchange, a 6.77 per cent premium to its issue price of Rs 59.00. On the National Stock Exchange, the stock was listed at Rs 63.00.

The company, which raised 0.42 Cr from initial public offering, was subscribed 39.60 times, receiving bids for 1,643.40 lakhs shares against the total issue size of 41.50 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 10 to Sep 12.

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 .

Interactive Financial Services Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 25,383.75, up 27.25 points, or 0.10 per cent.