Two firms, Vascon Engineering and Syncom Healthcare made their debut today on the Bombay stock exchange with a premium of 3 per cent and 17.3 per cent, respectively.

Vascon Engineering had fixed an issue price of Rs 165 per share for the issue. Its shares opened at Rs 170 on their first day and rose 5.1 per cent over the issue price to a high of Rs 173.45 on the exchange in Mumbai. Vascon has listed 9 crore shares on the exchange.

On the National Stock Exchange, the shares of Vascon were listed with a discount of 5.45 per cent at Rs 156. The shares then rose to Rs 171.95 or 4.21 per cent over issue price. About 35 lakh shares of the company changed owners in both the stock exchanges combined.

The company has come out with an Initial Public Offering to raise Rs 200 crore last month. The IPO was fully subscribed on the final day of the subscription.

Meanwhile, the shares of Syncom Healthcare made the debut with a premium of 17.33 per cent at Rs 88 on the BSE.

The shares then rose 34.66 per cent over the issue price to Rs 101. The issue price for the shares was Rs 75. The company has listed 1.75 crore shares on the exchange today.

On the NSE, company shares opened with a premium of 20 per cent. The shares then rose 34 per cent over issue price to Rs 100.45. More than 1.29 crore of the company changed owners on the first days of its listing on both the stock exchanges.

The company had raised about Rs 56 crore through an IPO last month. The upper end of the price band was fixed as the issue price. The company will use the funds raised to set up a new manufacturing unit to produce formulations at Special Economic Zone in Indore and for meeting corporate expenses.