BLS E-Services IPO: The listing date for the initial public offering (IPO) of BLS E-Services Limited has been set for February 6, 2024, i.e. today. As per the information available on the BSE website, the shares of BLS E-Services will be listed on the BSE and NSE in a special session per IPO during trading on Tuesday.
“Trading members of the Exchange are hereby informed that the shares of BLS E-Services Limited will be listed and admitted to trading in the list of the “B” securities group on the Exchange with effect from Tuesday, February 6, 2024.” In the BSE notification says.
According to stock market experts, the IPO of BLS E-Services received great response from investors and lucky allottees can therefore expect robust returns on the day of listing of BLS E-Services. They said that the price of BLS E-Services' IPO could be around 100,000 ₹300 tonnes ₹320 per share which means a multibagger return as the IPO price range of BLS is E-Services ₹0129 to ₹135 per share.
Expecting a robust return for the lucky allottees, Dhruv Mudaraadi, Research Analyst at StoxBox said, “The IPO of BLS E-Services Ltd. recorded 123 times oversubscription and we expect the issue to be quoted robustly when it lists on the bourses. Given the niche business.” Due to the positive business development and the positive mood of market participants, we assume that the share will be quoted at a premium of around 130% to the issue price ₹135 per share.”
Asked about the pricing range for BLS E-Services' IPO, Amit Goel, co-founder and chief global strategist at Pace 360, said, “We believe that BLS-E Services' listing could be close.” ₹300 tonnes ₹320 with a listing profit of around 125%. Investors can invest funds for medium to long-term returns in this industry.”
Meanwhile, sentiment in the gray market ahead of the opening of BLS E-Services' share price on the BSE and NSE remained as strong as it was at the time of the opening of BLS E-Services' IPO. According to stock market observers, shares of BLS E-Services Limited are available at a premium of ₹158 on the gray market today. So the gray market signals that the listing price of BLS E-Services will be around $100,000 ₹293 ( ₹135+ ₹158), which means a listing profit of more than 115 percent for the BLS E-Services IPO participants.
Disclaimer: The above views and recommendations are those of individual analysts, experts and brokerage firms, not Mint. We recommend investors consult certified experts before making an investment decision.
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