Mehul Telecom Ltd. makes a strong debut on the bourses with scrip got listed at Rs 108.00 on the Bombay Stock Exchange, a 10.20 per cent premium to its issue price of Rs 98.00.

The company, which raised 0.28 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 28.30 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Apr 17 to Apr 21.

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 .

Cumulative Capital Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 77,664.00, down 852.49 points, or 1.08 per cent.