Bumper Debut | BLS E-Services stock lists at 129% premium to IPO price
Tue, Feb 6, 2024 12:36 PM

Bumper Debut | BLS E-Services stock lists at 129% premium to IPO price

A Flip by Avya Verma
Get it on Google Play
BLS E-Services' IPO listing on February 6 saw a premium of 128.9% over the IPO price of Rs 135, as expected by analysts. The IPO was subscribed 162.47 times, with high net worth individuals being the top investors. The company plans to use the funds for technology infrastructure, organic growth and acquisitions. Its major customer is State Bank of India and it operates in BC, e-governance.

More great flips

Bandhan Bank's new MD & CEO Partha Pratim Sengupta takes charge

Bandhan Bank's new MD & CEO Partha Pratim Sengupta takes charge

Partha Pratim Sengupta has taken charge as the new MD & CEO of Bandhan Bank, with Ratan Kumar Kesh resuming his role as executive director and COO. Sengupta has a proven track record, having held positions at State Bank of India and Indian Overseas Bank, and aims to drive growth and deliver value for all stakeholders.

Open Flip
Power consumption rises marginally to 140.4 billion units in October

Power consumption rises marginally to 140.4 billion units in October

India's power consumption rose marginally by about one percent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect. In the year-ago period, the power consumption grew by over 22 percent to 139.44 BU from 113.94 BU in October 2022.The highest supply in a day (peak power demand met) dipped to 219.22 GW in October 2024.

Open Flip
Gold, silver prices jump over 4% in October on safe-haven demand

Gold, silver prices jump over 4% in October on safe-haven demand

Precious metals continued their upward momentum in October, marking a third consecutive month of gains, with gold and silver rising 4.21% and 4.56%, respectively. This surge has been largely driven by heightened geo-political tensions, fueling ongoing demand for these safe-haven assets. The monthly returns could have been even higher if not for a sharp correction during the last trading session.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon