BLS E-Services Limited IPO
MainboardIT Enabled Services
Listed On: Feb 6, 2024 at ₹ 305.0(NSE)
₹ 14580 /108 Shares
Check Allotment30 Jan, 2024
Open Date01 Feb, 2024
Close Date02 Feb, 2024
Allotment Date06 Feb, 2024
Listing DatePrice Summary
Last Closing
205.32 (52.09%)52 Week High
232.5052 Week Low
131.31Last Update
18-Dec-2025 3:30 PMBLS E-Services Limited IPO Issue Details
- Issue Price ₹129-135 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 2,30,30,000 shares(aggregating up to ₹310.91 crore)
- Fresh Share 2,30,30,000 shares(aggregating up to ₹310.91 crore)
- Listing at BSE, NSE
- List Price 305.0(NSE)
- Listing Date 2024-02-06
- Lead Manager Unistone Capital Pvt Ltd
- Registrar Kfin Technologies Limited
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 |
| BHNI(min) | 69 | 7452 | ₹10,06,020 |
BLS E-Services Limited IPO Reservation
BLS E-Services Limited IPO offers total 23,030,000 shares. Out of which 6,218,154 (27%) allocated to QIB, 3,109,050 (13.5%) allocated to NII,2,072,700 (9%) allocated to RII, NA (NA%) allocated to employees and 9,327,096 (40.5%) allocated to 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%) | |
| bNII > ₹10L | 2,072,700 (9%) | |
| sNII < ₹10L | 1,036,350 (4.5%) | |
| Retail Shares Offered | 2,072,700 (9%) | |
| Total Shares Offered | 23,030,000 (100%) |
BLS 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
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.
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BLS E-Services Limited IPO Subscription Analysis And 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
BLS E-Services Limited Company Financials
| 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 BLS E-Services Limited 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)
BLS International Services Limited
Pre Issue Share Holding : 93.80%
Post Issue Share Holding : 68.90%
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 Details
BLS E-Services Limited
G-4B-1, Extension, Mohan Co-operative Indl. Estate Mathura Road, South Delhi, New Delhi – 110044, India
+91-11-45795002
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
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. You can track the real-time subscription numbers using the links below:
Ans. The size of BLS E-Services Limited IPO is 23,030,000 shares(aggregating up to ₹310.91 Cr).
Ans. The BLS E-Services Limited IPO price band is set between ₹129-135 per equity share.
Ans. To apply for BLS E-Services Limited 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 BLS E-Services Limited IPO allotment status online.
