Shares of BLS Polymers delivered an impressive performance on Dalal Street as trading commenced on 3 November. The stock debuted at a substantial premium across both major Indian exchanges, handily outperforming expectations built during the subscription period. Against the initial public offer issue price of 150 rupees per share, the stock began trading on the National Stock Exchange at 248 rupees, translating to a premium of roughly 65 percent. Over on the Bombay Stock Exchange, trading kicked off at 244.10 rupees per share, marking a 62.73 percent gain over the upper band. Prior to the official debut, activity in the unofficial grey market had indicated a premium of around 46 percent, an estimate that the actual opening session surpassed.
Extensive Subscription Numbers and Anchor Backing
The stellar listing follows extraordinary bidding interest during the public subscription window, when the issue closed with an overall subscription rate of 241 times. The management had fixed the price band between 142 rupees and 150 rupees per equity share. With a minimum lot size set at 100 shares, retail participants were required to commit a starting investment of at least 15,000 rupees to participate in the offering.
Prior to inviting public bids, the firm had already locked in institutional confidence through its anchor book allocation. A total of 76.5 crore rupees was collected through the anchor segment, where six institutional investors were allocated 51 lakh equity shares at the cap price of 150 rupees per share. This early backing provided strong momentum that carried through to the listing day.
