The BLS E Services dates is be updated from January 30, 2024 and closes on February 1, 2024.
BLS E-Services IPO is a book built issue of Rs 310.91 crores. Its price band is set at ₹129 to ₹135 per share. The minimum lot size for an application is 108 Shares. The minimum amount of investment required by retail investors is ₹14,580. The minimum lot size investment for sNII is 14 lots (1,512 shares), amounting to ₹204,120, and for bNII, it is 69 lots (7,452 shares), amounting to ₹1,006,020.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
Jan 30-Feb 1
Price Range
₹129 to ₹135 per share
Face Value
₹10 per share
GMP
₹155
BLS E Services GMP
The BLS E-Services Limited IPO GMP is ₹155.
IPO Overview
BLS E-Services IPO is a book-built issuance worth Rs 310.91 crore. The issuance is wholly new, with 2.3 crore shares. BLS E-Services’ initial public offering (IPO) begins on January 30, 2024 and ends on February 1, 2024. The allotment for the BLS E-Services IPO is expected to be completed on Friday, February 2, 2024. BLS E-Services IPO will list on the BSE and NSE, with a tentative listing date of Tuesday, February 6, 2024.
BLS E-services The IPO price range is established at ₹129-135 per share. The minimum lot size for an application is 108 shares. Retail investors require a minimum investment of ₹14,580. The minimum lot size investment for sNII is 14 lots (1,512 shares) worth ₹204,120, while for bNII, it is 69 lots (7,452 shares) for ₹1,006,020.
BLS E-Services IPO Details
| IPO Date | January 30, 2024 to February 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹129 to ₹135 per share |
| Lot Size | 108 Shares |
| Total Issue Size | 23,030,000 shares (aggregating up to ₹310.91 Cr) |
| Fresh Issue | 23,030,000 shares (aggregating up to ₹310.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 66,726,485 |
| Share holding post issue | 89,756,485 |
BLS E-Services Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 213.77 | 179.47 | 55.93 | 40.59 |
| Revenue | 158.05 | 246.29 | 98.40 | 65.23 |
| Profit After Tax | 14.68 | 20.33 | 5.38 | 3.15 |
| Net Worth | 120.37 | 106.94 | 15.07 | 9.68 |
| Total Borrowing | 0.00 | 0.00 | 8.76 | 11.02 |
| Amount in ₹ Crore | ||||
BLS E-Services IPO Timeline
| IPO Open Date | Tuesday, January 30, 2024 |
| IPO Close Date | Thursday, February 1, 2024 |
| Basis of Allotment | Friday, February 2, 2024 |
| Initiation of Refunds | Monday, February 5, 2024 |
| Credit of Shares to Demat | Monday, February 5, 2024 |
| Listing Date | Tuesday, February 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
BLS E-Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | 13 | 1404 | ₹189,540 |
| S-HNI (Min) | 14 | 1,512 | ₹204,120 |
| S-HNI (Max) | 68 | 7,344 | ₹991,440 |
| B-HNI (Min) | 69 | 7,452 | ₹1,006,020 |
| Lot Size Calculator | |||
Company Profile
BLS-E Services Limited, founded in April 2016, is a digital service company that provides Business Correspondence services to major Indian banks, Assisted E-Services, and E-Governance Services at the grassroots level in India. The company’s service offerings can be divided into three categories. (i) Business Correspondent Services; (ii) Assisted E-Services; and (iii) E-Government Services. The company, a subsidiary of BLS International Services Limited, offers visa, passport, consular, and other citizen services to state and provincial governments
throughout Asia, Africa, Europe, South America, North America, and the Middle East via a technology-enabled platform. It is India’s sole publicly traded firm in this sector. By March 31, 2023, the merchant network had grown to 92,427 to serve the underserved and unserved populations in hard-to-reach places. 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 employs 3,071 people, including 2,413 contract employees.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | mb@unistonecapital.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | BLS E-Services Limited |
| Phone number | +91-11- 45795002 |
| Email ID | cs@blseservices.com |
| Website | blseservices.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
