BLS E-Services IPO Opens on 30th Jan: Good news if you want to invest in a company and make profit quickly! Next week, you can invest in the IPO (Initial Public Offering) of BLS E-Services Limited.
The opportunity to invest in this company starts on January 30th, and it will be open until February 1st, 2024.
The price range for one share in this digital service provider company is between ₹129 to ₹135.
The company aims to raise ₹310.91 crore through this IPO. You can apply for shares in lots, and each lot consists of 108 shares.
The allocation of shares will be finalized on February 2nd, 2024. Kfin Technologies Limited is the official registrar for this IPO. The company plans to list its shares on both BSE and NSE.
What about the GMP (Grey Market Premium)?
Before the opening date of BLS E-Services IPO, the company’s shares are being traded in the grey market.
Stock market experts say that the share price of BLS E-Services is currently quoted at a premium of ₹160 in the grey market.
This suggests that the grey market expects high returns from this IPO.
The upper price of the company’s IPO is ₹295, and based on GMP, its potential listing price could be Rs 295.
This means that investors might make a profit of up to 119% on the very first day.
