Dream debut for BLS E-Services as shares zoom 129%

New Delhi: Shares of BLS E-Services Ltd listed with a huge premium of nearly 129 per cent against the issue price of Rs135.

The stock made its debut at Rs309, climbing 128.88 per cent from the issue price on the BSE. It further zoomed 157.70 per cent to Rs347.90. At the NSE, it listed at Rs305, a gain of 125.92 per cent. The company’s market valuation stood at Rs2,919.22 crore. The Initial Public Offer (IPO) of BLS E-Services received a whopping 162.48 times subscription on the last day of bidding on Thursday. The IPO of fresh issue of up to 2,30,30,000 equity shares had a price range of Rs 129-135 a share.