BLS Polymers’ Rs.255-Cr IPO subscribed 241x

The initial public offering (IPO) of New Delhi-based BLS Polymers , which had an issue size of INR 255-Cr, concluded its bidding process with an overall subscription of 241.2 times.The Qualified Institutional Buyers (QIB) segment was subscribed 200.25 times, while the Non-Institutional Investor (NII) category reached a subscription level of 559.20 times. Unistone Capital Private is the book-running lead manager for the IPO,BLS Polymers manufactures custom-formulated polymer compounds and acts as a polymer trading and toll-compounding company.