New Delhi, Aug. 11 -- Shares of BLT Logistics were off to a solid start on Monday, August 11, as they listed at a healthy premium of 21% over the issue price on the BSE SME platform. BLT Logistics' share price listed at Rs.90.95, as against its initial public offering (IPO) price of Rs.75, a premium of Rs.15.95 or 21.27%.

BLT Logistics stock extended gains soon after listing and hit the 5% upper price band of Rs.95.49.

The listing, though strong, was lower than expected. BLT Logistics IPO GMP (grey market premium) ahead of the debut stood at Rs.25, signalling a listing pop of 33%.

The company's IPO, which was open for subscription from August 4 to August 6, witnessed a solid 560.69 times bids during this period.

The NII portion was su...