Indian stock markets witnessed strong performances from two new listings on Tuesday, as BLS Polymers Ltd. and SFC Environmental Technologies Ltd. concluded their maiden trading sessions with significant gains. Both companies saw their shares extend initial premiums, delighting investors.
BLS Polymers Ltd. Sees Explosive Growth
BLS Polymers shares opened at ₹248 apiece on the National Stock Exchange (NSE), marking a 65.33 percent premium over its initial public offering (IPO) issue price of ₹150. The stock continued its upward trajectory throughout the day, closing at ₹272, an impressive 81.33 percent higher than its IPO price.
Trading activity for BLS Polymers was robust, with 793.15 lakh shares changing hands, totaling a traded value of ₹2,104.77 crore. The company's market capitalization reached ₹1,667.42 crore on its listing day. The BLS Polymers IPO, open from October 27 to October 29, had a price band of ₹142-150 per share. It successfully raised ₹255 crore through an entirely fresh issue of 1.7 crore equity shares and was subscribed a remarkable 241 times, attracting bids worth over ₹43,000 crore.
SFC Environmental Technologies Ltd. Also Delivers Strong Returns
SFC Environmental Technologies shares also experienced a positive debut, listing at ₹355.10 on the NSE, a 7.61 percent premium over its IPO issue price of ₹330. The stock later surged to hit its upper price band of ₹426.10, registering a gain of 29.12 percent over its issue price.
According to NSE data, 210.79 lakh SFC Environmental shares were traded, with a total value of ₹819.64 crore. The company's market capitalization stood at ₹4,173.9 crore. The SFC Environmental IPO, also open from October 27 to October 29, had a price band of ₹313-330 per share and raised ₹668 crore. This included a fresh issue of ₹150 crore and an offer for sale (OFS) of 1,56,82,750 equity shares. The public issue was subscribed nearly 9.5 times, drawing bids exceeding ₹4,425 crore.
These strong market debuts underscore investor confidence in both BLS Polymers and SFC Environmental Technologies, setting a positive tone for their future on Dalal Street.