P N Gadgil Jewellers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 834.00 on the Bombay Stock Exchange, a 73.75 per cent premium to its issue price of Rs 480.00. On the National Stock Exchange, the stock was listed at Rs 830.00.

The company, which raised 2.29 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 229.17 lakhs shares.

The company, listed under B 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 BSE.

The company anticipates using the proceeds of the issue for .

Motilal Oswal Investment Advisors Private Limited,Nuvama Wealth Management Ltd.,BOB Capital Markets Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 82,988.78, up 97.84 points, or 0.11 per cent.