MV Electrosystems Ltd. makes a strong debut on the bourses with scrip got listed at Rs 519.00 on the Bombay Stock Exchange, a 22.11 per cent premium to its issue price of Rs 425.00. On the National Stock Exchange, the stock was listed at Rs 520.00.

The company, which raised 0.68 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 68.24 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jul 30 to Aug 03.

Following a strong opening, the scrip touched an intraday high of Rs 622.75 and a low of Rs 518.95, before closing the session up by 46.52 per cent to its listing price at Rs 622.75 on the BSE.

The company anticipates using the proceeds of the issue for .

Sundae 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 78,954.76, up 373.76 points, or 0.47 per cent.