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Kesar India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 172.50 on the Bombay Stock Exchange, a 1.47 per cent premium to its issue price of Rs 170.00. The company, which raised 0.09 Cr from initial public offering, was subscribed 1.68 times, receiving bids for 15.59 lakhs shares against the total issue size of 9.30 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 30 to Jul 04. 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 . Hem Securities Ltd,Fedex Securities Private Limited as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 54,395.23, down 86.61 points, or 0.15 per cent.