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

148.00 (9.63%)

52 Week High

303.10

52 Week Low

131.31

Last Update

5-May-2025 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

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. The company shall list its equity shares on BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

BLS E-Services Limited IPO bid opening date is from Jan 30, 2024 and the bid closing date was Feb 1, 2024.
BLS E-Services Limited IPO allotment result will be available on Feb 2, 2024. The tentative listing date for BLS E-Services Limited is Feb 6, 2024.

The total issue size is 23,030,000 shares(aggregating up to ₹310.91 Cr).

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: (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

ROE

33.33%

ROCE

30.62%

Debt/Equity

0.05

RoNW

16.46%

Price to Book Value

7.20

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
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%

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.

Other Details

Company Contact Details

BLS E-Services Limited

G-4B-1, Extension, Mohan Co-operative Indl. Estate Mathura Road, South Delhi, New Delhi – 110044, India

Phone: +91-11-45795002

Email: cs@blseservices.com

Website: https://www.blseservices.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: blseservices.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

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.