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AB Cotspin India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 38.50 on the Bombay Stock Exchange, a 10.00 per cent premium to its issue price of Rs 35.00. On the National Stock Exchange, the stock was listed at Rs 38.50. The company, which raised 0.29 Cr from initial public offering, was subscribed 10.58 times, receiving bids for 305.13 lakhs shares against the total issue size of 28.84 lakhs shares. The company, listed under ST Group Securities post its IPO, opened for subscription from Dec 30 to Jan 03. 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 NSE. The company anticipates using the proceeds of the issue for Funding the working capital requirements of the Company Requirements General corporate purposes. Pantomath Capital Advisors Pvt. Ltd. as lead managers & LINK INTIME INDIA PRIVATE LIMITED is the registrar, to the issue. Meanwhile, the broader benchmark NSE Nifty closed trade at 18,003.30, up 190.60 points, or 1.07 per cent.