BLS E-Services Limited IPO
BLS E-Services Limited IPO is listed on BSE and NSE, priced at ₹129–₹135 per share. The stock debuted at ₹305, delivering a listing gain of 125.9%. The IPO had a lot size of ₹108 shares and a minimum investment of ₹14,580.
BLS E-Services Limited IPO
- IPO Dates
- Jan 30, 2024 – Feb 1, 2024
- Price band
- ₹129-135 per equity share
- Minimum Investment
- ₹14,580
- Issue size
- ₹310.91 Cr
- Lot size
- 108
- Allotment Date
- Feb 2, 2024
- Listing
- Feb 6, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jan 30, 2024
Open Date
Completed
-
Feb 1, 2024
Close Date
Completed
-
Feb 2, 2024
Allotment Date
Completed
-
Feb 6, 2024
Listing Date
Completed
Price Summary
- Last closing
- 193.12 (43.05%)
- 52 week high
- 232.50
- 52 week low
- 124.30
- Last update
BLS E-Services Limited IPO Essentials
BLS E-Services Limited IPO Details
BLS E-Services Limited IPO is priced at ₹129-135 per share with a total issue size of 310.91 crore. The IPO has a lot size of 108 shares and is listed on BSE and NSE.
- Issue price
- ₹129-135 per equity share
- Lot size
- 108 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 23,030,000 shares(aggregating up to ₹310.91 Cr)
- Total issue size
- 2,30,30,000 shares
(aggregating up to ₹310.91 crore) - Fresh issue
- 2,30,30,000 shares
(aggregating up to ₹310.91 crore) - Listing at
- BSE, NSE
- List price
- 305.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Unistone Capital Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 108 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 108 | ₹14,580 |
| Retail(max) | 13 | 1404 | ₹1,89,540 |
| sHNI(min) | 14 | 1512 | ₹2,04,120 |
| sHNI(max) | 68 | 7344 | ₹9,91,440 |
| sHNI(min) | 69 | 7452 | ₹10,06,020 |
BLS E-Services Limited IPO Reservation
BLS E-Services Limited IPO reservation details show category-wise allocation of shares. Out of the total 23,030,000 shares, approximately 27% are reserved for QIB, 13.5% for NII, 9% for retail investors, and 40.5% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 9,327,096 (40.5%) | |
| QIB Shares Offered | 6,218,154 (27%) | |
| NII (HNI) Shares Offered | 3,109,050 (13.5%) | |
| bHNI > ₹10L | 2,072,700 (9%) | 1,370 |
| sHNI < ₹10L | 1,036,350 (4.5%) | 685 |
| Retail Shares Offered | 2,072,700 (9%) | 19,191 |
| Total Shares Offered | 23,030,000 (100%) |
BLS E-Services Limited IPO Analytics
BLS E-Services Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
BLS E-Services Limited IPO Subscription Status
BLS E-Services Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
29.70x
26.30x
36.49x
|
49.36 x | 15.67 x |
|
Day 2
31-01-24 05:00 PM
|
2.68 x |
94.09x
87.73x
106.81x
|
125.46 x | 42.78 x |
|
Day 3
01-02-24 05:00 PM
|
123.30 x |
300.04x
305.27x
289.56x
|
236.47 x | 162.37 x |
BLS E-Services Limited Valuations
Earnings
- EPS Pre IPO
- ₹3.05/-
- EPS Post IPO
- ₹2.24/-
- P/E Pre IPO
- 44.31
- P/E Post IPO
- 60.33
Returns
- ROE
- 33.33%
- ROCE
- 30.62%
- RoNW
- 16.46%
Fundamentals
- Debt / Equity
- 0.05
- Price / Book
- 7.20
BLS E-Services Limited Financials( In Crs.)
| 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 |
BLS E-Services Limited Company & Offer Insights
About BLS E-Services Limited
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)
BLS International Services Limited are the company's promoters of BLS E-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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| BLS E-Services Limited | 3.02 | 3.02 | 18.76 | 44.31 | 16.46 | 7.2 | Consolidated |
| Emudhra Limited | 8.35 | 8.01 | 53.02 | 56.27 | 15.75 | 8.5 | Consolidated |
Contact Information
Contact Details
BLS E-Services Limited
+91-11-45795002
G-4B-1, Extension, Mohan Co-operative Indl. Estate Mathura Road, South Delhi, New Delhi – 110044, India
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
BLS E-Services Limited IPO is a book-built IPO worth ₹310.91 crore. The price band is ₹129–₹135 per share. The IPO opens on Jan 30, 2024 and closes on Feb 1, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of BLS E-Services Limited IPO is ₹129 to ₹135 per share.
The lot size of BLS E-Services Limited IPO is 108 shares.
The minimum investment for BLS E-Services Limited IPO is approximately ₹14,580 based on the upper price band .
BLS E-Services Limited IPO opens on Jan 30, 2024 and closes on Feb 1, 2024.
The allotment date of BLS E-Services Limited IPO is Feb 2, 2024.
BLS E-Services Limited IPO is expected to be listed on Feb 6, 2024, on BSE and NSE .
BLS E-Services Limited IPO listed on Feb 6, 2024. It was issued at ₹305.0(NSE) and is currently around ₹193.12 as on 14-May-2026 3:30 PM, which is approximately 43.1% versus issue price. The 52-week high is ₹232.50.
Based on listing and post-listing performance, BLS E-Services Limited IPO delivered around 43.1% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy BLS E-Services Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
BLS E-Services Limited IPO valuation snapshot: P/E 60.33, EPS ₹2.24/-, P/B 7.20, RoNW 16.46%, and market cap N/A.
To apply for BLS E-Services Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of BLS E-Services Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for BLS E-Services Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check BLS E-Services Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the BLS E-Services Limited IPO allotment status on IPO Ji for quick and easy access.