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Droneacharya Aerial Innovations Ltd. makes a strong debut on the bourses with scrip got listed at Rs 102.00 on the Bombay Stock Exchange, a 88.88 per cent premium to its issue price of Rs 54.00. The company, which raised 0.75 Cr from initial public offering, was subscribed 174.95 times, receiving bids for 13,205.23 lakhs shares against the total issue size of 75.48 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Dec 13 to Dec 15. 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 . Corporate Capitalventures Pvt. Ltd. as lead managers & Bigshare Services Private Limited. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 60,826.22, down 241.02 points, or 0.39 per cent.