Shankesh Jewellers Ltd. makes a strong debut on the bourses with scrip got listed at Rs 102.20 on the Bombay Stock Exchange, a 9.89 per cent premium to its issue price of Rs 93.00. On the National Stock Exchange, the stock was listed at Rs 103.30.

The company, which raised 3.95 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 394.82 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Aug 18 to Aug 20.

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 .

Aryaman Financial Services Limited,Smart Horizon Capital Advisors Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 77,369.11, down 171.72 points, or 0.22 per cent.