BLS E-Services IPO is all set to launch its IPO, raising funds through a book-built issue of (24,130,000 SHARES ) Rs 309.3 crores. This includes a fresh issue of 309.3 crore shares, ISSUE Types : book built issue IPO, Share holding pre issue : 66,726,485 , share holding post issue : 90,856,485.
The subscription window for BLS E-Services IPO opens on January 30, 2024, and closes on Feb 01, 2024. The allotment process is anticipated to be completed by Monday, (PENDING). The IPO is scheduled to be listed on both BSE and NSE, with a tentative listing date set for [.]
Investors looking to participate can do so within the price band of ₹129 to ₹135 per share. The minimum lot size for an application is 108 shares, requiring a minimum investment of ₹14,580 for retail investors. For sNII, the minimum lot size investment is [.] lots (equivalent to [.] shares), amounting to ₹[.], and for bNII, it is [.] lots (equivalent to [.] shares), totaling ₹[.].
Managing the IPO process are [.] and [.]as the book running lead managers, with kfin Technologies LTD serving as the registrar for the issue.
For more detailed information, please refer to the BLS E-Services IPO DRHP document.
About BLS E-Services Limited
Established in April 2016, BLS-E Services Limited is a digital service provider specializing in Business Correspondence services for major banks in India, Assisted E-Services, and E-Governance Services at the grassroots level.
The company’s services fall into three main categories: (i) Business Correspondents Services; (ii) Assisted E-services; and (iii) E-Governance Services.
As a subsidiary of BLS International Services Limited, the company extends its technology-enabled platform to provide visa, passport, consular, and other citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America, and the Middle East. Notably, it stands as the sole listed company in India engaged in this domain.
By March 31, 2023, the merchant network had expanded to 92,427, aiming to cater to underserved populations in hard-to-reach areas.
The revenue from operations in the 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 boasts a total of 3,071 employees, including 2,413 contract employees, reflecting its commitment to growth and service expansion.
BLS-E Services Limited IPO Details
| Attribute | Details |
|---|---|
| IPO Date | January 30, 2024 to February 01, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹129 to ₹135 per share |
| Lot Size | 108 Shares |
| Total Issue Size | 24,130,000 shares (aggregating up to ₹309.3 Cr) |
| Fresh Issue | 24,130,000 shares (aggregating up to ₹309.3 Cr) |
| Offer for Sale | [.] |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 66,726,485 |
| Shareholding post-issue | 90,856,485 |
BLS E-Services Limited IPO Schedule
The BLS-E Services Limited IPO starts on January 30, 2024, and ends on February 01, 2024.
| Event | Date |
|---|---|
| IPO Open Date | January 30, 2024 |
| IPO Close Date | February 01, 2024 |
| Basis of Allotment | [.] |
| Initiation of Refunds | [.] |
| Credit of Shares to Demat | [.] |
| Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | [.] |
check BLS-E Services Limited IPO GMP Live
BLS-E Services Limited IPO Lots Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | – | – | ₹- |
| S-HNI (Min) | 14 | 1512 | ₹204120 |
| S-HNI (Max) | – | – | ₹- |
| B-HNI (Min) | 67 | 7452 | ₹1006020 |
| B-HNI (Max) | – | – | ₹- |
BLS-E Services Limited IPO Objectives
The company intends to use the Net Proceeds for the following purposes:
- Enhancing Technology Infrastructure: We plan to bolster our technology infrastructure to develop new capabilities and streamline existing platforms.
- Supporting Organic Growth: The funds will be allocated towards initiatives for organic growth, including the establishment of BLS Stores. This will contribute to the expansion and improvement of our services.
- Pursuing Inorganic Growth: We aim to achieve inorganic growth through strategic acquisitions. This involves exploring opportunities that align with our goals and objectives.
- General Corporate Purposes: The Net Proceeds will also be utilized for general corporate purposes, ensuring the overall sustainability and smooth functioning of the company.
BLS-E Services Limited Financial Information
| Category | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| 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 | 0.00 | 8.76 | 11.02 |
BLS-E Services Limited Performance Indicators
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 33.33% |
| Return on Capital Employed (ROCE) | 30.62% |
| Debt/Equity Ratio | 0.05 |
| Return on Net Worth (RoNW) | 16.46% |
| Price to Book Value (P/BV) | 4.06 |
BLS-E Services Limited :
BLS E-Services Limited
G-4B-1, Extension, Mohan Co-operative
Indl. Estate Mathura Road,
South Delhi, New Delhi – 110044, India
Phone: +91-11- 45795002
Email: cs@blseservices.com
Website: https://www.blseservices.com/
BLS-E Services Limited IPO FAQs
1 ) What is BLS E-Services ipo?
The BLS E-Services IPO is a main-board offering of 35,075,693 equity shares with a face value of ₹10, totaling ₹309.3 Crores. The price per share ranges from ₹129 to ₹135, and the minimum order quantity is set at 108 shares.
The IPO is scheduled to open on January 30, 2024, and conclude on Feb 01, 2024.
kfin Technologies is the appointed registrar for the IPO, and the shares are intended to be listed on both BSE and NSE.
2) When is BLS E-Services IPO allotment?
The determination of the Basis of Allotment for the Nova AgriTech IPO is scheduled for January 30, 2024. The assigned shares will be deposited into your demat account by Tuesday, Feb 04, 2024.
3) When BLS E-Services IPO will open?
BLS E-Services IPO opens on January 30, 2024 and closes on Feb 01, 2024.