Zelio E-Mobility Ltd. makes a strong debut on the bourses with scrip got listed at Rs 154.90 on the Bombay Stock Exchange, a 13.89 per cent premium to its issue price of Rs 136.00.

The company, which raised 0.58 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 57.60 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 30 to Oct 03.

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 and/or prepayment, in full or part, of borrowing availed by the Company Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit To Meet Working Capital Requirement General Corporate Purpose.

Hem Securities Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 81,926.75, up 136.63 points, or 0.16 per cent.