BLS Polymers IPO Subscription Update: Issue Subscribed 35.35 on Day 2
On the second day, the BLS Polymers IPO received bids for 41,94,41,500 shares against 1,19,00,000 shares available for subscription, with the issue subscribed 35.35 times, according to NSE data. The Retail Individual Investor (RII) category was subscribed 29.77 times, while the Non-Institutional Investor (NII) category stood at 78.75 times. The Qualified Institutional Buyer (QIB) portion, excluding the anchor allocation, was subscribed 12.20 times at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| Sr. No. | Category | Subscription (Times) |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 12.20 |
| 2 | Non-Institutional Investors (NIIs) | 78.75 |
| 3 | Retail Individual Investors (RIIs) | 29.77 |
| - | Total | 2.86 |
BLS Polymers Overview and Purpose
The BLS Polymers IPO is offering approximately Rs 255 crore through a fresh issue of 1.70 crore equity shares, with no Offer for Sale (OFS) component. The issue is priced in the range of Rs 142 to Rs 150 per share, with a minimum lot size of 100 shares.
Since the IPO consists entirely of a fresh issue, the proceeds will go to the company. The funds will be used for capital expenditure towards expanding its manufacturing facility, meeting working capital requirements, and general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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