BLS E-Services Limited
Mainboard₹14,580 / 108 Shares
BLS E-Services Limited IPO Details
The BLS E-Services Limited IPO price band is set between ₹129-135 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 30 Jan, 2024 and closes on 1 Feb, 2024. Investors can check the allotment status on 2 Feb, 2024, while the listing date is tentatively scheduled for 6 Feb, 2024.
The total issue size is 23,030,000 shares, aggregating up to ₹310.91 Cr. Stay tuned for the latest BLS E-Services Limited IPO review and GMP updates.
BLS E-Services Limited IPO Review, Rating & Analysis
BLS E-Services Limited IPO Review
NO REVIEWBLS E-Services Limited IPO Rating
BLS E-Services Limited IPO Highlights
IPO Date
Jan 30, 2024 - Feb 1, 2024
Listing Date
6 Feb, 2024
Face Value
₹10 Per Equity Share
Price Band
₹129-135 per equity share
Lot Size
108 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
BLS E-Services Limited IPO Lot Size
The minimum market lot for BLS E-Services Limited IPO is 108 shares with an application amount of ₹14,580. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | 13 | 1404 | ₹1,89,540 |
| S-HNI (Min) | 14 | 1512 | ₹2,04,120 |
| S-HNI (Max) | 68 | 7344 | ₹9,91,440 |
| B-HNI (Min) | 69 | 7452 | ₹10,06,020 |
BLS E-Services Limited IPO Timeline
Issue Price
₹129-135 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Unistone Capital Pvt LtdIssue Size
23,030,000 shares(aggregating up to ₹310.91 Cr)BLS E-Services Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 179.47 | 246.29 | 20.33 | - | - | - |
| 31 Mar 22 | 55.93 | 98.40 | 5.38 | - | - | - |
| 31 Mar 21 | 40.59 | 65.23 | 3.15 | - | - | - |
All values are in ₹ Cr.
BLS E-Services Limited IPO Valuations
EPS Pre IPO
₹3.05/-EPS Post IPO
₹2.24/-PE Pre IPO
44.31PE Post IPO
60.33ROE
-ROCE
-Debt Equity
-RoNW
16.46%PAT Margin
-Price to Book Value
-Promoters & Share Holding
Promoter(s) Name
- BLS International Services Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 93.80% | 68.90% |
About 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 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 |
Frequently Asked Questions about BLS E-Services Limited IPO
When will BLS E-Services Limited IPO open for subscription?
The BLS E-Services Limited IPO opens on 30 Jan, 2024 and closes on 1 Feb, 2024.
What is the investors portion for BLS E-Services Limited IPO?
The investors' portion for QIB is 123.30 x, NII is 305.27 x, and Retail is 236.47 x.
How to apply for BLS E-Services Limited IPO?
You can apply for BLS E-Services Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of BLS E-Services Limited IPO?
The issue size of BLS E-Services Limited IPO is approx ₹23,030,000 shares(aggregating up to ₹310.91 Cr) crores.
What is the price band of BLS E-Services Limited IPO?
The price band for BLS E-Services Limited IPO is ₹129 to ₹135 per equity share.
What is the lot size of BLS E-Services Limited IPO?
The minimum bid (lot size) for BLS E-Services Limited IPO is N/A shares with an investment of approx ₹14,580 .
What is the allotment date of BLS E-Services Limited IPO?
The allotment date for BLS E-Services Limited IPO is 2 Feb, 2024.
What is the listing date of BLS E-Services Limited IPO?
The listing date for BLS E-Services Limited IPO is expected to be 6 Feb, 2024.
What is the GMP of BLS E-Services Limited IPO?
The latest Grey Market Premium (GMP) for BLS E-Services Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.