BLS Polymers shares made a bumper listing at stock exchanges, listing at Rs 248 on the National Stock Exchange (NSE), reflecting a 65 per cent premium over the IPO Price of Rs 150 per share. Meanwhile, at BSE, the BLS Polymer share price debuted at Rs 244.10, up 62.73 per cent from the IPO price.
However, GMP does not guarantee a listing gain, as it is an unofficial indicator of investor sentiment in the unofficial market.
Meanwhile, the market capitalisation of BLS Polymers stood at around Rs 1,515 crore after listing. With the blockbuster listing, investors gained Rs 9,800 per lot on NSE.
IPO Subscription Details
BLS Polymers IPO got an overwhelming response from investors, getting 241.22 times subscription.
Category | Subscription (Times) |
|---|---|
Non-Institutional Investor (NII) | 559.20 |
Qualified Institutional Buyer (QIB) | 200.25 |
Retail Investor | 128.36 |
Total Subscription | 241.22 |
IPO Details
Detail | Value |
|---|---|
Opening Date | October 27 |
Closing Date | October 29 |
Price Band | Rs 142-150 per share |
Valuation | Approximately Rs 930.5 crore (at the upper end) |
Fresh Issue | 1.7 crore equity shares |