Aequs Ltd. makes a strong debut on the bourses with scrip got listed at Rs 140.00 on the Bombay Stock Exchange, a 12.90 per cent premium to its issue price of Rs 124.00. On the National Stock Exchange, the stock was listed at Rs 140.00.

The company, which raised 7.43 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 743.40 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Dec 03 to Dec 05.

Following a strong opening, the scrip touched an intraday high of Rs 157.00 and a low of Rs 135.50, before closing the session up by 22.17 per cent to its listing price at Rs 151.50 on the BSE.

The company anticipates using the proceeds of the issue for (a) our Company(b) one of our whollyowned Subsidiaries, ASMIPL, through investment in such Subsidiary Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes.

Kotak Mahindra Capital Company Ltd.,JM Financial Limited,IIFL Capital Services Limited as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 84,391.27, down 275.01 points, or 0.32 per cent.