BLS E-Services IPO listing date today. GMP, experts signal multibagger return for allottees

BLS E-Services IPO: The listing date for the initial public offering (IPO) of BLS E-Services Limited has been fixed on 6th February 2024 i.e. today. As per the information available on the BSE website, BLS E-Services shares will be listed on BSE and NSE in a special per-open session during Tuesday's dealings. BLS E-Services share price

"Trading Members of the Exchange are hereby informed that effective from Tuesday, February 6, 2024, the equity shares of BLS E-Services Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities," BSE notice says.

According to stock market experts, BLS E-Services IPO received a bumper response from investors, and hence lucky allottees may expect robust returns on the BLS E-Services IPO listing date. They said that BLS E-Services IPO listing price could be around ₹300 to ₹320 per share, which means a multibagger return as BLS E-Services IPO price band is ₹0129 to ₹135 per equity share.

BLS E-Services IPO listing price prediction

Expecting robust return for the lucky allottees, Dhruv Mudaraadi, Research Analyst at StoxBox said, "BLS E-Services Ltd. IPO received a bumper 123x oversubscription and we expect a robust listing for the issue when it lists on the bourses. Given the niche business operation and positive sentiments by the market participant, we expect the stock to list at a premium of around 130% to the issue price of ₹135 per share."

Asked about the BLS E-Services IPO listing price range, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360 said, "We expect the listing of BLS-E Services could be around ₹300 to ₹320 with a listing gain of around 125%. Investors may park funds for the medium to long-term rewards in this industry."

BLS E-Services IPO GMP today

Meanwhile, ahead of BLS E-Services share price opening on the BSE and NSE, the grey market sentiments have remained as strong as it was at the time of the BLS E-Services IPO opening date. According to stock market observers, shares of BLS E-Services Limited are available at a premium of ₹158 in the grey market today. So, the grey market is signaling that BLS E-Services IPO listing price would be around ₹293 ( ₹135 + ₹158), which means more than 115 percent listing gain for the BLS E-Services IPO allottees.

Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.