Economy
BLS Polymers Makes Blockbuster NSE Debut With 65 Percent Listing Premium
Livemint2h
THE BRIEF
1
BLS Polymers debuted on the National Stock Exchange at ₹248 per share against its IPO price of ₹150, marking a listing premium of 65.33 percent.
2
The initial public offering received overwhelming demand, being subscribed 241.22 times overall with bids for 287.05 crore shares.
3
The company intends to utilise ₹77.56 crore of the proceeds to expand its Goa manufacturing facility and ₹89.5 crore for working capital requirements.