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BLS E-Services Ltd

IT - Software

Offer Period :

30th to 1st Feb 2024

Established in April 2016, BLS-E Services Ltd, a digital service provider and subsidiary of BLS International, offers Business Correspondence, Assisted E-Services, and E-Governance. With a merchant network of 92,427, Read more... it reported revenue of ₹24,306.07 lakhs in FY2023, employing 3,071 individuals as of June 30, 2023.Read less

BLS E-Services Ltd IPO Details

IPO Date 30th to 1st Feb 2024 Minimum Investment ₹14580 / 1 Lots
Listing Date 2024-02-06 Maximum Investment ₹189540 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹310.91 Crores
Price ₹135 to ₹135 per share Fresh Issue ₹310.91 Crores
Lot Size 1 Lots (108 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 30th to 1st Feb 2024
Listing Date 2024-02-06
Face Value ₹10 per share
Price ₹135 to ₹135 per share
Lot Size 1 Lots (108 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14580 / 1 Lots
Maximum Investment ₹189540 / 13 Lots
Total Issue Size ₹310.91 Crores
Fresh Issue ₹310.91 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

30th Jan

IPO Starts

1st Feb

IPO Ends

2nd Feb

Allotment Date

5th Feb

Initiation of Refund

5th Feb

Credit of Shares to Demat Account

6th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 90.25 0
Public Group 9.75 0

BLS E-Services Ltd IPO Reservation

QIB Shares Offered 6218100(27%)
NII (HNI) Shares Offered 3109050(13.5%)
Retail Shares Offered 2072700(9%)
Anchor Investor Shares Offered 9327150(40.5%)
Total Shares Offered 23030000
Total Shares With Anchor Investor 23030000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

BLS E-Services Ltd IPO Registrar

KFin Techologies Ltd
Phone Number + 91 40 6716 2222
Email Id blseservices.ipo@kfintech.com
Our Website www.kfintech.com

BLS E-Services Ltd IPO Lead Manager

1. Unistone Capital Pvt Ltd

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BLS E-Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of BLS E-Services Ltd

1. Asset light business model.

2. We enable social and financial inclusion in India.

3. Multiple cross-selling and up-selling opportunities, network effect and wide reach for customer acquisition.

4. Business model with diverse sources of revenue and negligible customer acquisition and retention costs.

5. Successful track record of its acquisitions.

6. Experienced senior management, skilled employees, and strong parentage of its Corporate Promoter "BLS International Services Limited"

Risks Involved

1. The company predominantly undertakes fee and commission-based activities, and its financial performance may be adversely affected by the company inability to generate income from such activities.

2. Its contracts with respect to E-Governance projects are awarded to its Promoter, BLS International Services Limited by governmental agencies for providing G2C services to the citizens.

3. As a result of its limited operating history, the company may not be able to compete successfully, and it may be difficult to evaluate its business and future operating results on the basis of the company past performance.

4. A substantial portion of the revenue is generated by BC business operated by its subsidiaries, ZMPL and Starfin for the company banking partners. The businesses of its banking partners are regulated by the RBI and any change in the RBI's policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.

5. Some of its operations involve handling significant amounts of cash, making it susceptible to operational risks, including fraud, petty theft, negligence and embezzlement by the company employees or its merchants, which could harm its results of operations and financial position.

6. The company provide E-Governance Services only in the states of Punjab, Uttar Pradesh and West Bengal, and accordingly any adverse changes in the conditions affecting these regions can adversely affect its business, financial condition and results of operations.

7. In the past Punjab State e-Governance Society has terminated master service agreement with the Company.

8. The company is yet to place orders for its technology infrastructure and capital expenditure equipment for which a significant portion of the Net Proceeds are proposed to be utilized. Unavailability or increase in costs of the technology infrastructure and equipment could adversely impact financial condition and its growth prospects.

9. The company significantly depends on its merchants for its product and service distribution network. Changes in the company relationships, or adverse conditions (such as COVID-19 pandemic), could impair their respective operations and therefore their ability to meet their obligations under its agreements, which in turn could have an adverse effect on its growth, business, results of operations, financial condition and cash flows.

10. There are pending litigations against the Company, its Promoter, & Subsidiaries and its Group Companies. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect its business, results of operations and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 509.67 179.47 55.93
Total Liabilities 509.67 179.47 55.93
Total Expenses 263.87 216.71 91.62
Total Revenue 
309.58 246.29 98.4
Profit After Tax 31.4 18.88 5.38
EBITDA 49.93 33.69 8.62
Adjusted EBITDA 0 0 0

BLS E-Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-06 544107 BLSE
INE0NLT01010
₹135 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹135 ₹135
Open ₹309 ₹305
Low ₹302.75 ₹303.1
High ₹370.75 ₹366
Low ₹302.75 ₹303.1

Frequently Asked Questions

What is BLS E-Services Ltd IPO?

Answer Field

BLS E-Services Ltd IPO is a Mainboard IPO of 2,30,30,000 equity shares of a face value of ₹10 aggregating up to ₹310.91 Crores. The issue is priced at ₹135 to ₹135 per share. The minimum order quantity is 108 Shares. The IPO opens on January 30, 2024, and closes on February 01, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When BLS E-Services Ltd IPO will open?

Answer Field

The BLS E-Services Ltd IPO opens on January 30, 2024 and closes on February 01, 2024.

What is the lot size of BLS E-Services Ltd?

Answer Field

BLS E-Services Ltd lot size is 108 shares, and the minimum amount required is ₹14,580.

How to apply for BLS E-Services Ltd IPO?

Answer Field

You can apply in BLS E-Services Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is BLS E-Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for BLS E-Services Ltd IPO will be done on February 02, 2024, and the allotted shares will be credited to your demat account by February 05, 2024.

When is BLS E-Services Ltd IPO listing date?

Answer Field

The BLS E-Services Ltd listing date is February 06, 2024.

Who is the registrar of BLS E-Services Ltd IPO?

Answer Field

The registrar of BLS E-Services Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of BLS E-Services Ltd IPO?

Answer Field

The fresh issue size is ₹310.91 Crores equity shares.

What minimum lot size can retail subscribers subscribe to BLS E-Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 108 shares and ₹14,580 amount.

How can I approve the UPI mandate request for BLS E-Services Ltd IPO?

Answer Field

To apply for BLS E-Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of BLS E-Services Ltd?

Answer Field

The price of each BLS E-Services Ltd share will be ranging in between ₹135 to ₹135 per share.

What is the cut-off time for the UPI mandate for BLS E-Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 01, 2024.

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