BLS E-Services’ shares made a big impact on the market right from the start. When they first entered the market, investors saw their money more than double.
On the Bombay Stock Exchange, the shares started at Rs 309, which was a 129 percent increase from their IPO price of Rs 135.
They also started trading on the National Stock Exchange at Rs 305, showing a premium of about 126%.
The rise continued even after they were listed
Shortly after being listed, the shares rose even more, reaching Rs 333.95, an increase of over 8 percent.
Investors who got in on the IPO of BLS E-Services saw significant benefits. The IPO opened for subscription on January 30, 2024, and closed on February 1.
During this time, the IPO’s price range was between Rs 129 to Rs 135, and the shares were allotted at Rs 135. Retail investors could invest in up to 13 lots in the IPO.
The IPO was highly popular
The BLS E-Services IPO was oversubscribed by a significant margin, with a total subscription of 162.38 times.
Retail investors showed the most interest, with their category being oversubscribed by 236.53 times.
Non-Institutional Investors (NII) showed strong interest as well, oversubscribing by 300.05 times.
Qualified Institutional Buyers (QIB) showed a subscription of 123.30 times, and the “others” category was subscribed 15.30 times.
The total size of the company’s public issue was Rs 310.91 crore.
