BLS Polymers IPO subscribed 3.9 times on Day 1; gets bullish brokerage nod
A ipo & listings development with market-wide reach.
· Business Standard Mkts
BLS Polymers' IPO has received bids for 4.64 crore shares against 1.19 crore shares on offer, translating into an overall subscription of 3.90 times.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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