BLS Polymers IPO opens with 27% grey market premium
In short
BLS Polymers' ₹255 crore IPO opened today. CNBC TV18 Market said the shares were trading at a grey market premium of nearly 27% on the morning of October 27.
This matters because a strong grey market premium often signals early demand. The report does not say the price band, listing date, or how many investors applied.
What the reporting says
BLS Polymers' ₹255 crore IPO opened today, and CNBC TV18 Market's summary said the shares were commanding a grey market premium of nearly 27% on the morning of October 27. That points to positive unofficial-market sentiment ahead of the issue opening. The report did not provide the price band, listing date, or subscription figures in the available reporting.
Why it matters
BLS Polymers' ₹255 crore IPO opened today, and the grey market premium was nearly 27% on October 27, according to CNBC TV18 Market's summary. That suggests positive sentiment in the unofficial market before the issue opens or progresses further. The report does not state the price band, listing date, or subscription levels, so the full demand picture is still unknown.