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Sula Vineyards Ltd. makes a strong debut on the bourses with scrip got listed at Rs 358.00 on the Bombay Stock Exchange, a 0.28 per cent premium to its issue price of Rs 357.00. On the National Stock Exchange, the stock was listed at Rs 361.00. The company, which raised 2.69 Cr from initial public offering, was subscribed 1.97 times, receiving bids for 529.94 lakhs shares against the total issue size of 269.01 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Dec 12 to Dec 14. 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 . CLSA INDIA LTD,Kotak Mahindra Capital Company Limited,IIFL Securities Ltd. as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 61,067.24, down 635.05 points, or 1.02 per cent.