BLS Polymers IPO gets 115.52x subscription; SFC at 0.91x
In short
BLS Polymers’ IPO was subscribed 115.52 times at 1:18 pm on the closing day. SFC Environmental Technologies’ IPO was subscribed 0.91 times at 1:21 pm, and NIIs were the strongest buyers there.
This shows very different investor demand for the two offerings. The reporting does not say the final outcome, issue size, or whether the numbers changed later.
What the reporting says
BLS Polymers IPO was subscribed 115.52 times at 1:18 pm on its closing day, while SFC Environmental Technologies IPO was subscribed 0.91 times at 1:21 pm. The publisher summary said NIIs led demand for BLS Polymers and also showed the strongest demand in SFC Environmental Technologies. The reporting does not state the final issue sizes, proceeds, or whether the subscription levels changed later.
Why it matters
BLS Polymers IPO was heavily oversubscribed at 115.52 times by 1:18 pm on its closing day, while SFC Environmental Technologies IPO was only 0.91 times subscribed at 1:21 pm. The summary says NIIs drove demand in both cases, but no final allotment, pricing, or proceeds are stated. The immediate implication is strong interest in one issue and weak demand in the other.