BLS Polymers IPO listing: BLS Polymers made a blockbuster debut on the NSE, listing at ₹248 against its IPO price of ₹150. This translated into a listing premium of 65.33%, giving investors a gain of ₹98 per share on the day of listing. The stock listed at a massive premium, outshining even the iconic Jio Platforms.
The performance was particularly notable when compared with Jio Platforms, whose shares opened at ₹1,358, up 21.36% over the issue price of ₹1,119. BLS Polymers delivered a significantly larger percentage return relative to its IPO price.
In percentage terms, BLS Polymers' listing premium of 65.33% was more than three times Jio Platforms' 21.36% premium. This made BLS Polymers' market debut considerably stronger on a percentage-gain basis.
The stock listed at ₹248 on the National Stock Exchange (NSE), marking a premium of 65.33% over the issue price. On the BSE, it debuted at ₹244.10, translating into a listing gain of 62.73%.
It then jumped 90% from the IPO price to reach its day's high of ₹285 per share.