BLS E-Services Ltd
Price Range
₹129 - ₹135
Min. Quantity
108
Closes on
1 February 2024
Min. investment
₹14,580/1,404 Shares
BLS E-Services Ltd IPO Timeline
BLS E-Services Ltd was incorporated in New Delhi, as BLS E-Services Private Limited', a Private Limited Company, pursuant to a Certificate of Incorporation dated April 12, 2016, issued by the Deputy Registrar of Companies, Central Registration Centre. Thereafter, the Company was converted to a Public Limited Company, and the name of Company changed to BLS E-Services Limited', through a fresh Certificate of Incorporation dated April 10, 2023, issued by the Registrar of Companies, NCT of Delhi and Haryana.
| Event | Date |
|---|---|
| BLS E-Services Ltd IPO Opening Date | 30 January 2024 |
| BLS E-Services Ltd IPO Closing Date | 1 February 2024 |
| Basis of Allotment | 2 February 2024 |
| Initiation of Refunds | 5 February 2024 |
| Credit of Shares to Demat | 5 February 2024 |
| BLS E-Services Ltd IPO Listing Date | 6 February 2024 |
BLS E-Services Ltd IPO Details
| BLS E-Services Ltd IPO Date | 30 January 2024 to 1 February 2024 |
| BLS E-Services Ltd IPO Face Value | ₹10 per share |
| BLS E-Services Ltd IPO Price | ₹129 to ₹135 per share |
| BLS E-Services Ltd IPO Lot Size | 108 |
| Issue Size | Shares of ₹10 (aggregating up to ₹309.29 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹310.91 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 62,18,154 of the Net Offer |
| Retail Shares Offered | Not less than 20,72,700 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 31,09,050 of the Net Offer |
| Company Promoters | BLS International Services Ltd, Diwakar Aggarwal, Shikhar Aggarwal |
BLS E-Services Ltd IPO Lot Size
The BLS E-Services Ltd IPO lot size is 108 shares. A retail-individual investor can apply for up to 13 lots (1,404 shares or ₹1,89,540).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 108 | ₹14,580 |
| Maximum | 13 | 1,404 | ₹1,89,540 |
- Strengths
- Risks
- Opportunities
- Asset light business model.
- We enable social and financial inclusion in India.
- Multiple cross-selling and up-selling opportunities, network effect and wide reach for customer acquisition.
- Business model with diverse sources of revenue and negligible customer acquisition and retention costs.
- Successful track record of its acquisitions.
- Experienced senior management, skilled employees, and strong parentage of its Corporate Promoter "BLS International Services Limited"
Company Financials
BLS E-Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 441.64 | 43.1 | 7.25 |
| 03-2023 | 139.4 | 20.65 | 1.03 |
| 03-2022 | 19.72 | 10.33 | -6.53 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Strengthening its technology infrastructure to development new capabilities and consolidating its existing platforms
- Funding initiatives for organic growth by setting up BLS Stores
- Achiving inorganic growth through acuqisitions
- General corporate purposes
BLS E-Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 68.2% |
| Post Issue Share Holding | 50.91% |
BLS E-Services Ltd IPO Subscription Status (Bidding Detail)
The BLS E-Services Ltd IPO is subscribed 162.47 times on 1 February 2024 05:00:00 PM. The public issue subscribed 237 times in the retail category, 123.3 times in the QIB category, and 300.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 123.3 | 300.14 | 237 | - | 162.47 |
BLS E-Services Ltd IPO Prospectus
BLS E-Services Ltd IPO Listing Date
| Listing Date | 6 February 2024 |
| BSE Script | 544107 |
| NSE Symbol | BLSE |
| Listing In | BSE, NSE |
| ISIN | INE0NLT01010 |
| IPO Price | ₹135 |
| Face Value | ₹10 |
Company Contact Information
G-4B-1 Extn Mohan Co-operativeIndl Estate Mathura Rd Delhi S,Delhi-110044
Phone: +91-11-45795002
Email: cs@blseservices.com
Website: www.blseservices.com
BLS E-Services Ltd IPO Registrar
BLS E-Services Ltd IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
FAQ
What is the issue size of BLS E-Services Ltd IPO?
I have pre-applied for BLS E-Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.