BLS-E Services IPO Overview: Get ready for a groundbreaking opportunity as BLS-E Services gears up for its IPO, set to hit the market from January 30 to February 1, 2024. The company aims to raise approximately ₹310.91 crores through a fresh issue. This includes an offer for sale of [.] equity shares at ₹10 each. With a retail quota of 10%, QIB at 75%, and HNI at 15%, it’s an IPO that caters to diverse investors.
BLS-E Services Limited stands out as a tech-driven digital service provider, offering Business Correspondent services to major Indian banks, Assisted E-services, and E-Governance Services at grassroots levels. Their reach spans urban, semi-urban, rural, and remote areas, providing essential services to citizens, businesses, and governments alike.
The heart of their operations lies in two categories of merchants – BLS Touchpoints and BLS Stores. These merchants, totaling 98,034 as of September 30, 2023, serve as crucial access points for a myriad of services, from public utilities to healthcare and banking. The 1,016 BLS Stores even offer consumers a hands-on experience with select goods before making a purchase.
BLS-E Services has revolutionized the landscape through an integrated business model that bridges the gap in areas with low internet penetration. Their focus on Business Correspondents Services, Assisted E-services, and E-Governance Services is driven by collaboration with merchants, the linchpin in delivering products and services to citizens.
Don’t miss the chance to be part of BLS-E Services’ journey, where technology meets grassroots empowerment. Join the IPO and become a stakeholder in a company dedicated to making a difference in the lives of people across India.
Purpose of the Offering:
- Empowering our technological foundation to cultivate fresh capabilities and fortify current platforms;
- Investing in organic expansion through the establishment of BLS Stores;
- Pursuing growth opportunities through strategic acquisitions; and
- Addressing general corporate needs.
BLS-E Services IPO Review (Apply or Not)
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Brokerage Firm IPO Review
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BLS-E Services IPO: Information on Date and Price Band.
| IPO Open: | 30-January-2024 |
| IPO Close: | 1-February-2024 |
| IPO Size: | Approx ₹310.91 Crores |
| Fresh Issue: | Approx ₹310.91 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹129 to ₹135 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
The market lot for BLS-E Services IPO:
For those diving into the BLS-E Services IPO, the smallest chunk you can grab is 108 shares, and the entry fee stands at ₹14,580. If you’re a retail investor, you’ve got a bit more elbow room – you can throw in applications for up to 13 lots, snagging 1,404 shares or throwing down ₹189,540. It’s your ticket to join the IPO party with a bit of flexibility.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 108 | ₹14,580 |
| Retail Maximum | 13 | 1,404 | ₹189,540 |
| S-HNI Minimum | 14 | 1,512 | ₹204,120 |
| B-HNI Minimum | 69 | 7,452 | ₹1,006,020 |
BLS-E Services IPO: Allotment and Listing Dates.
Circle these dates on your calendar! The BLS-E Services IPO kicks off its grand entrance on January 30 and takes a bow on February 1. Wondering when you’ll get the golden ticket? Hold tight until February 2 when the IPO allotment magic happens. Then, mark February 6 as the day BLS-E Services makes its debut on the stock market stage. It’s a timeline packed with excitement – from opening curtains to the big reveal, these dates are your backstage pass to the IPO spectacle.
| Anchor Investors Allotment: | 29-January-2024 |
| IPO Open Date: | 30-January-2024 |
| IPO Close Date: | 1-February-2024 |
| Basis of Allotment: | 2-February-2024 |
| Refunds: | 5-February-2024 |
| Credit to Demat Account: | 5-February-2024 |
| IPO Listing Date: | 6-February-2024 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for BLS-E Services IPO:
Ready to hop on the BLS-E Services IPO bandwagon? It’s a breeze! If you’re an online banking enthusiast, just log in, head to the Invest section, and choose BLS-E Services IPO under ASBA. Alternatively, for a more traditional touch, grab the IPO forms from NSE or BSE. Swing by their websites, snag the forms, fill them out, and drop them off at your bank or hand them to your broker. Whether you’re all about online ease or like the tangible feel of paper forms, we’ve got you covered for a smooth ride into the BLS-E Services IPO journey!
BLS-E Services Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹65.23 | ₹61.31 | ₹3.15 |
| 2022 | ₹98.40 | ₹91.62 | ₹5.38 |
| 2023 | ₹246.29 | ₹216.71 | ₹20.33 |
| Sep 2023 | ₹158.05 | ₹137.27 | ₹14.68 |
BLS-E Services IPO Valuation – FY2023
Check BLS-E Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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 |
Peer Group
- EMudhra Limited
Company Promoters
- BLS International Services Limited
BLS-E Services IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mb@unistonecapital.com
Website: https://kosmic.kfintech.com/ipostatus/
BLS-E Services IPO Allotment Status Check
Check BLS-E Services IPO allotment status on KFintech website allotment URL. Click Here
BLS-E Services IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt Ltd
Company Address
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/
