BLS E-Services IPO Set to Zoom: Listing Primed for 120% Premium on Strong Demand

BLS E-Services IPO Likely to Debut with a Bang

  • Listing: Shares expected to list on February 6th on BSE and NSE.
  • Premium: Grey market premium (GMP) suggests a 120% listing gain over the issue price, which was ₹129-₹135 per share.
  • Reason for Optimism: Strong investor demand during the IPO subscription period, coupled with the company's growth potential in digital services.
  • Caution: GMP is an unofficial indicator and actual listing price may vary.

Additional Context:

  • BLS E-Services provides business correspondence, assisted e-services, and e-governance services in India.
  • The IPO was subscribed over 137 times, indicating strong investor interest.
  • This listing is expected to be one of the biggest debuts on Indian exchanges in recent months.

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