BLS Polymers Makes Strong Stock Market Debut

BLS Polymers, a company in the manufacturing sector, made an impressive debut on the stock market on Tuesday. Its shares were listed at ₹248 on the National Stock Exchange (NSE), marking a premium of 65.33% over the IPO issue price of ₹150. On the Bombay Stock Exchange (BSE), the stock opened at ₹244.10, registering a gain of 62.73%. The strong debut exceeded market expectations and rewarded investors who received shares through the IPO allotment.

The company’s IPO opened for subscription on October 27 and closed on October 29, with the price band fixed at ₹142–₹150 per share. The issue received an overwhelming response from investors and was subscribed 241.22 times overall. BLS Polymers plans to utilise the funds raised through the public issue to expand its manufacturing facility in Goa and meet its working capital requirements.