Anand Seamless Ltd. makes a strong debut on the bourses with scrip got listed at Rs 72.10 on the Bombay Stock Exchange, a 0.13 per cent premium to its issue price of Rs 72.00.

The company, which raised 0.35 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 35.44 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 22 to Sep 24.

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 a) Financing the cost towards capacity expansion, technological upgradation, cost optimization of the operations andsupport to the manufacturing facility at Survey No , Ankhol Patiya, ChhatralKadi Road, Village Indrad, Mahesana, Kadi, Gujarat, India, b) Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Companyc) General corporate purposes.

Aftertrade Broking Pvt. Ltd. as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 72,771.72, down 1,124.02 points, or 1.52 per cent.