Shares of BLS E-Services soared in their market debut, opening at a remarkable 128.9% premium over the IPO price of Rs 135. On both the NSE and BSE, the stock commenced trading at Rs 305 and Rs 309 respectively, aligning with analyst predictions. Prior to listing, the stock traded at a 114% premium in the grey market.
The IPO, which garnered significant investor interest, was oversubscribed 162.47 times, with non-institutional investors leading the charge. This debut underscores robust investor confidence in BLS E-Services.