Amtech Esters Ltd. makes a strong debut on the bourses with scrip got listed at Rs 100.00 on the Bombay Stock Exchange, a 33.33 per cent premium to its issue price of Rs 75.00.

The company, which raised 0.24 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 23.84 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 09 to Sep 11.

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 ) Investment in the wholly owned subsidiary, namely Croda Pigments Private Limited, by way of debt,a) Towards capital expenditure requirements of the wholly owned subsidiary,b) To meet the incremental working capital requirements of the wholly owned subsidiary,) Repayment or prepayment, in full or in part, of certain borrowings availed by the Company) Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Credora Partners Pvt. Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 74,336.45, up 332.63 points, or 0.44 per cent.