BLS E-Services Limited IPO
- IPO Date30 Jan, 2024 to 01 Feb, 2024
- Listing Date06 Feb, 2024
- Face Value₹10 per share
- Issue Price₹129 to ₹135 per share
- Lot Size108 Shares
- Minimum Investment₹14,580
- Listing AtBSE, NSE
- Total Issue Size2,30,30,000 Shares
(aggregating up to ₹310.90 Cr) - Fresh Issue2,30,30,000 Shares
(aggregating up to ₹310.90 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue6,67,26,485
- Shareholding post issue8,97,56,485
IPO Dates
Closing Date
01 Feb, 2024
Initiation of Refunds
05 Feb, 2024
Listing Date
06 Feb, 2024
30 Jan, 2024
Opening Date
02 Feb, 2024
Basis of Allotment
05 Feb, 2024
Credit of Shares
BLS E-Services Limited Lot Size
Investors can bid for a minimum of 108 shares and in multiples thereof. The below 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 |
| B-HNI (Min) | 69 | 7452 | ₹10,06,020 |
| S-HNI (Max) | 68 | 7344 | ₹9,91,440 |
| S-HNI (Min) | 14 | 1512 | ₹2,04,120 |
| Retail (Max) | 13 | 1404 | ₹1,89,540 |
BLS E-Services Limited Promoter Holding
The promoter of the company is BLS International Services Limited
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.8% | 68.9% |
BLS E-Services Limited COMPANY INFORMATION
BLS E-Services IPO is a book built issue of Rs 310.91 crores. The issue is entirely a fresh issue of 2.3 crore shares. BLS E-Services IPO bidding started from January 30, 2024 and ended on February 1, 2024. The allotment for BLS E-Services IPO was finalized on Friday, February 2, 2024. The shares got listed on BSE, NSE on February 6, 2024. BLS E-Services IPO 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. Unistone Capital Pvt Ltd is the book running lead manager of the BLS E-Services IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to BLS E-Services IPO RHP for detailed information.
Incorporated in April 2016, BLS-E Services Limited is a digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services, and E-Governance Services at the grassroots level in India.
The company's service offerings can be categorized into three parts (i) Business Correspondents Services; (ii) Assisted E-services; and (iii) E-Governance Services.
The company being a subsidiary of BLS International Services Limited provides 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 grown to 92,427 in order to serve the underserved and unserved populations in hard-to-reach areas.
The 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 has a total of 3,071 employees, including 2,413 contract employees.
FAQs About Bls E Services Limited Ipo
BLS E-Services Limited IPO will open on 30 Jan, 2024 and close on 01 Feb, 2024. Investors must apply within this period to participate.
The BLS E-Services Limited IPO price band is set between ₹129.00 and ₹135.00 per share. The minimum lot size is 108, requiring an investment of at least ₹14580.00.
The BLS E-Services Limited IPO shares are expected to be listed on 06 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your BLS E-Services Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The BLS E-Services Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.