Om Galaxy Ltd. makes a strong debut on the bourses with scrip got listed at Rs 90.20 on the Bombay Stock Exchange, a 0.22 per cent premium to its issue price of Rs 90.00.

The company, which raised 1.17 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 116.67 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 10 to Sep 15.

Following a strong opening, the scrip touched an intraday high of Rs 92.00 and a low of Rs 85.75, before closing the session up by 0.85 per cent to its listing price at Rs 90.77 on the BSE.

The company anticipates using the proceeds of the issue for Capital Expenditure towards setting up a New Manufacturing Unit for consolidation of the Company’s existing manufacturing units and expansion of its production capacities Prepayment/ repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company General Corporate Purposes.

Indorient Financial Services Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 74,294.96, down 19.63 points, or 0.02 per cent.