Roopa Screen Ltd. makes a strong debut on the bourses with scrip got listed at Rs 121.60 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 64.00.

The company, which raised 0.30 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 30.00 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 24 to Sep 28.

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 Funding of capital expenditure towards setup of a new manufacturing facility Funding of Working Capital Requirements General Corporate Purpose.

Seren Capital Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 72,480.29, down 48.78 points, or 0.06 per cent.