BLS E-Services Limited IPO
MainboardIT Enabled Services
Listed On: Feb 6, 2024 at ₹ 305.0(NSE)
₹ 14580 /108 Shares
Check AllotmentPrice Summary
Last Closing
180.98 (34.06%)52 Week High
267.9952 Week Low
131.31Last Update
14-Aug-2025 3:30 PM30 Jan, 2024
Open Date01 Feb, 2024
Close Date02 Feb, 2024
Allotment Date06 Feb, 2024
Listing DateIssue Price
₹129-135 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
305.0(NSE)Listing Date
2024-02-06Market 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 LtdIssue 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 timesBLS E-Services Limited IPO Details
BLS E-Services Limited IPO is a book-built issue of ₹310.91 crores, The total issue size is ₹310.91 crores. The IPO of BLS E-Services Limited is priced at ₹129-135 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jan 30, 2024 and ends on Feb 1, 2024. The allotment for BLS E-Services Limited IPO will be finalized on Feb 2, 2024. BLS E-Services Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 6, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 108 shares, extendable to 14,580. S-HNIs will be able to bid for 1512 shares at ₹2,04,120, while B-HNIs can also apply for a bid of 7452 shares at ₹10,06,020. The book-running lead manager for the IPO is/are Unistone Capital Pvt Ltd.
The total issue ₹310.91 crore, comprising a fresh issue of 2,30,30,000 shares ₹310.91 crore and
The BLS E-Services Limited IPO sets its price band at 129-135 for each share. A single application for BLS E-Services Limited IPO must contain at least 108 shares. Sentiment investors need to invest a minimum of 108 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,580 In order to participate in the sNII, investors must purchase at least 14 lots of 1512 shares for ₹2,04,120, while the bNII requires 69 lots of 7452 shares for an investment of ₹10,06,020.
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 |
BLS E-Services Limited Valuations
EPS Pre IPO
₹3.05/-EPS Post IPO
₹2.24/-P/E Pre IPO
44.31P/E Post IPO
60.33ROE
33.33%ROCE
30.62%Debt/Equity
0.05RoNW
16.46%Price to Book Value
7.20BLS 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 |
| Net Worth | 106.94 | 15.07 | 9.68 |
| Total Borrowing | 0 | 8.76 | 11.02 |
About The Company
BLS-E Services Limited is a company incorporated in April 2016, offering the service of digital delivery of Business Correspondence to the major banks of India, providing Assisted E-Services at the grassroots level in India and E-Governance Services.
The service categories of the company can be segregated into three, namely, Business Correspondents Services; Assisted E-services; and E-Governance Services.
The company being a subsidiary of BLS International Services Limited offers 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 reached 92,427 to cater to the underserved and unserved populations in inaccessible areas.
Revenue from operations during Fiscal years 2021, 2022 and 2023 were ₹6,448.72 lakhs, ₹9,669.82 lakhs and ₹24,306.07 lakhs, respectively.
As on June 30, 2023, the company has 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%
- 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
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.
Other Details
BLS E-Services Limited
G-4B-1, Extension, Mohan Co-operative Indl. Estate Mathura Road, South Delhi, New Delhi – 110044, IndiaKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: blseservices.ipo@kfintech.com
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.
