BLS E-Services Limited IPO

Mainboard

IT Enabled Services

Listed On: Feb 6, 2024 at ₹ 305.0(NSE)

₹ 14580 /108 Shares

Check Allotment

Price Summary

Last Closing

235.88 (74.73%)

52 Week High

423.70

52 Week Low

205.00

Last Update

19-Sep-2024 3:30 PM

BLS E-Services Limited IPO Details

30 Jan, 2024

Open Date

01 Feb, 2024

Close Date

02 Feb, 2024

Allotment Date

06 Feb, 2024

Listing Date

Issue Price

₹129-135 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

305.0(NSE)

Listing Date

2024-02-06

Market Lot

Retail : 108 Shares (₹14,580/-)
S-HNI : 1,512 Shares (₹2,04,120/-)
B-HNI : 7,452 Shares (₹10,06,020/-)

Lead Manager

Unistone Capital Pvt Ltd

Issue Size

23,030,000 shares(aggregating up to ₹310.91 Cr)

Retail Portion

10% (Number of Retail Applications: 19,192 Approx),
(Number of S-HNI Applications : 685 Approx),
(Number of B-HNI Applications : 1,371 Approx)

Subscription

162.37 times

IPO Docs

DRHP RHP

BLS E-Services Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	6,218,154	3,109,050 2,072,700 1,036,350	2,072,700	13,702,904
Day 1 - 30-01-24 05:00 PM	2.19 x	29.70 26.30 x 36.49 x	49.36 x	15.67 x
Day 2 - 31-01-24 05:00 PM	2.68 x	94.09 87.73 x 106.81 x	125.46 x	42.78 x
Day 3 - 01-02-24 05:00 PM	123.30 x	300.04 305.27 x 289.56 x	236.47 x	162.37 x

Total No. of Applications: 3,961,160 (Approx)

BLS E-Services Limited Valuations

EPS Pre IPO

₹3.05/-

EPS Post IPO

₹2.24/-

P/E Pre IPO

44.31

P/E Post IPO

60.33

RoNW

16.46%

BLS E-Services Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	179.47	55.93	40.59
Revenue	246.29	98.40	65.23
Profit After Tax	20.33	5.38	3.15

About The Company

BLS-E Services Limited is a digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services, and E-Governance Services at the grassroots level in India.

The company's service offerings can be categorized into three parts (i) Business Correspondents Services; (ii) Assisted E-services; and (iii) E-Governance Services.

The company being a subsidiary of BLS International Services Limited provides visa, passport, consular, and other citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America, and the Middle East through its technology-enabled platform. It is the only listed company engaged in this domain in India.

By 31st March 2023, the merchant network had grown to 92,427 in order to serve the underserved and unserved populations in hard-to-reach areas.

The revenue from operations in Fiscal years 2021, 2022 and 2023 were ₹6,448.72 lakhs, ₹9,669.82 lakhs and ₹24,306.07 lakhs, respectively.

As of June 30, 2023, the company has a total of 3,071 employees, including 2,413 contract employees.

BLS E-Services Limited - Promoter(s)

Pre Issue Share Holding: 93.80%

Post Issue Share Holding: 68.90%

Company Promoter(s)

BLS International Services Limited

BLS E-Services Limited IPO - Issue Objectives

Strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms
Funding initiatives for organic growth by setting up of BLS Stores
Achieving inorganic growth through acquisitions
General Corporate Purposes

BLS E-Services Limited IPO - Anchor Investors

BLS E-Services raises Rs 126 crore from anchor investors ahead of IPO.

Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Aidos India Fund are among the anchor investors that have been allotted shares.

BLS E-Services Limited IPO - FAQs

Ans. BLS E-Services Limited IPO is a Mainboard IPO. The issue is priced at ₹129-135 per equity share. The minimum order quantity is 108 Shares. The IPO opens on Jan 30, 2024, and closes on Feb 1, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The BLS E-Services Limited IPO opens on Jan 30, 2024 and closes on Feb 1, 2024.

Ans. The size of BLS E-Services Limited IPO is 23,030,000 shares(aggregating up to ₹310.91 Cr).

Ans. The IPO price band is set between ₹129-135 per equity share.

Ans. To apply for BLS E-Services Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find BLS E-Services Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of BLS E-Services Limited IPO is Feb 2, 2024.

Ans. The BLS E-Services Limited IPO will be listed on Feb 6, 2024.

Ans. Follow the steps to check the allotment status for BLS E-Services Limited IPO here.