BLS E-Services IPO GMP, IPO Price Band, IPO Lot Size

BLS E-Services IPO is opening for subscription on January 30, 2024, and closing on February 1, 2024. This Mainboard IPO aims to raise ₹310.91 crore, with a 100% Fresh Issue, each with a face value of ₹10. The price band for the BLS E-Services IPO is fixed at ₹129 – ₹135 Per Share, with a market lot of 108 Shares. The allocation for this IPO is as follows: retail quota of 10%, QIB at 75%, and HNI at 15%. BLS E-Services IPO Allotment will done on February 2, 2024, and BLS E-Services IPO listing date is February 6, 2024.

 

BLS E-Services Company Profile

BLS-E Services Limited operates as a technology-enabled digital service provider, offering Business Correspondent services to major banks in India, Assisted E-services, and E-Governance Services at grassroots levels. The company provides access points for delivering public utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services. As of September 30, 2023, BLS-E Services has 98,034 BLS Touchpoints, including 1,016 BLS Stores.

 

BLS E-Services IPO GMP

 

BLS E-Services IPO Objectives

The funds raised through the IPO will be utilized for:

1. Strengthening technology infrastructure to develop new capabilities and consolidating existing platforms.
2. Funding initiatives for organic growth by setting up BLS Stores.
3. Achieving inorganic growth through acquisitions.
4. General Corporate Purposes.

 

BLS E-Services IPO Key Details

• BLS E-Services IPO Open Date: January 30, 2024
• BLS E-Services IPO Close Date: February 1, 2024
• BLS E-Services IPO Size: Approximately ₹310.91 crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• BLS E-Services IPO Price Band: ₹129 – ₹135 Per Equity Share
• BLS E-Services IPO Listing on NSE & BSE
• Retail Quota: 10% of the net offer
• QIB Quota: 75% of the net offer
• HNI Quota: 25% of the net offer

 

BLS E-Services IPO Timeline

• BLS E-Services IPO Open Date: January 30, 2024
• BLS E-Services IPO Close Date: February 1, 2024
• Basis of Allotment: February 2, 2024
• Refunds: February 5, 2024
• Credit to Demat Account: February 5, 2024
• BLS E-Services IPO Listing Date: February 6, 2024

 

How to Apply for BLS E-Services IPO

Investors can apply for the BLS E-Services IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

BLS E-Services Financial Performance (in Crores)

• 2021: Revenue ₹65.23, Expense ₹61.31, PAT ₹3.15
• 2022: Revenue ₹98.40, Expense ₹91.62, PAT ₹5.38
• 2023: Revenue ₹246.29, Expense ₹216.71, PAT ₹20.33
• Sep 2023: Revenue ₹158.05, Expense ₹137.27, PAT ₹14.68

 

BLS E-Services Valuation FY2023

• Earning Per Share (EPS): ₹3.02 per Equity Share
• Price/Earning P/E Ratio: N/A
• Return on Net Worth (RoNW): 16.46%
• Net Asset Value (NAV): ₹18.76 per Equity Share

 

BLS E-Services Peer Group

• EMudhra Limited

 

BLS E-Services Company Promoters

• BLS International Services Limited

 

BLS E-Services IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: mb@unistonecapital.com

 

BLS E-Services IPO Allotment Status Check

• Check the BLS E-Services IPO allotment status on the Kfin Technologies website.

 

BLS E-Services IPO Allotment Link

• Check the BLS E-Services IPO allotment on the ipogmp.org website.

 

BLS E-Services IPO Lead Managers (Merchant Bankers)

• Unistone Capital Pvt Ltd

 

BLS E-Services Company Address

G-4B-1, Extension, Mohan Co-operative Indl. Estate Mathura Road, South Delhi,
Delhi,Delhi-110 044 India
Website: https://www.blseservices.com/
Phone: +91-11- 45795002
Email: cs@blseservices.com

 

BLS E-Services IPO FAQs

 

What is BLS E-Services IPO?

BLS E-Services IPO is a Main-board IPO. They are going to raise ₹310.91 crores via IPO. The issue is priced at ₹129 – ₹135 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the BLS E-Services IPO open?

The IPO is to open on January 30, 2024, for NII, and Retail Investors.

 

What is BLS E-Services IPO Investors Portion?

The investors’ portion for QIB is 75%, HNI is 25%, and Retail is 10%.

 

How to Apply for the BLS E-Services IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply BLS E-Services IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the BLS E-Services IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the BLS E-Services IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is BLS E-Services IPO Size?

BLS E-Services IPO size is ₹310.91 crores.

 

What is BLS E-Services IPO Price Band?

BLS E-Services IPO Price Band is ₹129 – ₹135 Per equity share.

 

What is BLS E-Services IPO Minimum and Maximum Lot Size?

The IPO bid is 108 Shares with ₹14,580.

 

What is BLS E-Services IPO Allotment Date?

BLS E-Services IPO allotment date is February 2, 2024.

 

What is BLS E-Services IPO Listing Date?

BLS E-Services IPO listing date is February 6, 2024. The IPO to list on NSE & BSE.