BLS E-Services Limited IPO

30 Jan 2024 - 01 Feb 2024 Individual Category IPO NSE

Min Investment

₹27864

Price Band

₹129-₹135

Issue Size

230.3 lakhs
Equity Shares

Lot Size

108 (per lot)

IPO Dates
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30 Jan 2024

Open Date

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01 Feb 2024

Close Date

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02 Feb 2024

Allotment Date

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06 Feb 2024

Listing Date

BLS E-Services Limited IPO 2024 is open for subscription from Tuesday, January 30, 2024 and will close on Thursday, February 1, 2024. The price band for this IPO is decided at Rs 129 to Rs 135 per share. The minimum lot size of this application for the retail category is 108 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 1512 shares. Whereas, the minimum lot for big non-institutional investors is 69 lots consisting of 7452 shares. The minimum amount of investment required for retail category investors is Rs 14,580 (135 x 108 shares). However, for small non-institutional investors the minimum investment amount is required Rs 2,04,120 (135 x 1512 shares) and for big non-institutional investors is Rs 10,06,020 (135 x 7452 shares). BLS E-Services Limited IPO 2024 is a book-built issue of Rs 310.91 crores. The issue is entirely a fresh issue of 2.3 crore equity shares. The allotment for this IPO is expected to be finalized on Friday, February 2, 2024. BLS E-Services IPO will list on both BSE, NSE and listing date fixed on Tuesday, February 6, 2024. The book running lead manager of BLS E-Services Limited is Unistone Capital Private Limited. The registrar for this IPO is Kfin Technologies Limited.

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About Bls E-services Limited Ipo

BLS E-Services Limited is a technology enabled digital service providing company incorporated in April 2016. It provides services like Business Correspondent services to major banks in India, assisted E- services and E-Governance services at grassroots levels in India. Company also provides access points for the delivery of essential public utility services, social welfare schemes, healthcare, financial, educational services for Government and Businesses. Company’s merchants are organized in two categories: BLS Stores and BLS Touchpoints. All merchants registered with the company are treated as BLS Touchpoints and they have access to offer multiple services to customers. However BLS stores are stores which are BLS branded and offer an entire suite of offerings to the customers. As per record, on September 30, 2023 company had 98,034 BLS touchpoints which includes 1,016 BLS branded stores. By their tech enabled business model they provide Digital and Physical product and services in G2C, B2C and B2B categories in semi-urban, rural and remote areas where the internet penetration is low and citizens need assistance in basic technology enabled services. The company is a subsidiary of BLS International Services Limited. As of June 30, 2023 Company has 3,071 employees including 2,413 contract based employees.

Founded

2016

Managing Director

Nikhil Gupta

Parent Organization

IPO Objectives

BLS E-Services Limited is raising funds from the public to strengthen its technology infrastructure to develop new capabilities and consolidate the existing platforms. The net proceeds from the issue will fund the initiatives for organic growth by setting up of BLS Stores. Also the company is planning to do acquisitions to expand their business. Moreover, the funds will be used for the general corporate purposes like financing the capital expenditures, acquisitions, stock repurchases etc.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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