Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The BLS E-Services IPO is going to open soon. So I will give you complete information about BLS E-Services IPO here on IPO India.
On this article I will inform you about BLS E-Services IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About BLS E-Services Limited
Established in April 2016, BLS-E Services Limited stands as a digital service provider specializing in Business Correspondence services for major banks in India, as well as offering Assisted E-Services and E-Governance Services at the grassroots level in the country.
The company’s range of services can be segmented 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 plays a crucial role in providing 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 holds the distinction of being the sole listed company engaged in this sector in India.
By March 31, 2023, the company’s merchant network had expanded to 92,427, aiming to cater to the underserved and unserved populations in challenging-to-reach areas.
The revenue generated from operations in the fiscal years 2021, 2022, and 2023 amounted to ₹6,448.72 lakhs, ₹9,669.82 lakhs, and ₹24,306.07 lakhs, respectively.
As of June 30, 2023, the company boasts a workforce of 3,071 employees, which includes 2,413 contract employees.
BLS E-Services IPO GMP
| Exp. Premium (GMP) | ₹130-140 (96%) per Share |
About BLS E-Services IPO
Here is some information about BLS E-Services IPO which will help you in making a decision to invest in BLS E-Services IPO. It appears to be a book-built offer with a total value of ₹310.91 crore, including entirely a fresh issue of 2.3 crore shares.
Summary of the key details
- Issue Size: Rs 310.91 crores
- Offer for Sale: 2.3 crore shares
- Subscription Period: January 30, 2024 to February 01, 2024
- Allotment Date: February 02, 2024
- Listing Date: February 06, 2024
Price Range of BLS E-Services IPO
- ₹129 to ₹135 per share
Lot Size of BLS E-Services IPO
- Minimum Lot: 108 Shares.
- Minimum Investment for Retail Investors: ₹14,580
Minimum Lot Size Investments for BLS E-Services IPO
- S-HNI: 14 lots (1,512 shares), amounting to ₹2,04,120
- B-HNI: 69 lots (7,452 shares), amounting to ₹10,06,020
This information provides potential investors with the details they need to participate in the BLS E-Services IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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BLS E-Services IPO
| Open Date | January 30, 2024 |
| Close Date | February 01, 2024 |
| Allotment Date | February 02, 2024 |
| Listing Date | February 06, 2024 |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹129-135 Per Equity Share |
| Issue Size | 23,030,000 shares (Aggregating up to ₹310.91 Cr) |
| Market Lot (Min. Amount) | Retail: 108 Shares (₹14,580/-) S-HNI: 1,512 Shares (₹2,04,120/-) B-HNI: 7,452 Shares (₹10,06,020/-) |
| Listing at Group(s) | BSE SME |
| Lead Manager | Unistone Capital Pvt Ltd |
| Register | Kfin Technologies Limited |
| Retail Portion | 10% |
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Valuations of BLS E-Services IPO
| Earnings Per Share (EPS Pre IPO) | ₹3.05/- |
| Earnings Per Share (EPS Post IPO) | ₹2.24/- |
| P/E Ratio Pre IPO | 44.31 |
| P/E Ratio Post IPO | 60.33 |
| RoNW | 16.46% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
BLS E-Services Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2023 | 213.77 | 158.05 | 14.68 | 120.37 | 0.00 | |
| 31 Mar 2023 | 179.47 | 246.29 | 20.33 | 106.97 | 0.00 | |
| 31 Mar 2022 | 55.93 | 98.40 | 5.38 | 15.07 | 8.76 | |
| 31 Mar 2021 | 40.59 | 65.23 | 3.15 | 9.68 | 11.02 |
Promoter(s)
| Pre Issue Share Holding | -% |
| Post Issue Share Holding | -% |
Company Promotor(s):-
- BLS International Services Limited
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.33% |
| ROCE | 30.62% |
| Debt/ Equity | 0.05 |
| RoNW | 16.46% |
| P/BV | 7.2 |
Issue Objective(s)
- Strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms
- Funding initiatives for organic growth by setting up of BLS Stores
- Achieving inorganic growth through acquisitions
- General Corporate Purpose
BLS E-Services IPO Registrar
| Name | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| mb@unistonecapital.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
BLS E-Services IPO Review
Update Soon
Conclusion
In conclusion, the BLS E-Services IPO presents an attractive investment opportunity for finance enthusiasts. Established in April 2016, BLS E-Services Limited has positioned itself as a leading digital service provider, specializing in business correspondence services for major banks in India and providing grassroots assisted e-services and e-governance services. As a subsidiary of BLS International Services Limited, it has the unique distinction of being the only listed company engaged in this sector in India.
The BLS e-Services IPO with an issue size of ₹310.91 crore will open on January 30, 2024 and close on February 1, 2024. The IPO offers, with a price range of ₹129 to ₹135 per share. An opportunity for investors to participate in the growth of a company with a diverse range of services and a strong financial track record.
The company’s expanding merchant network, strong revenue growth and strategic objectives including strengthening technology infrastructure and pursuing both organic and inorganic growth make it an attractive prospect. However, potential investors should exercise caution, conduct thorough research and, if necessary, seek the advice of financial professionals, as investing in IPOs carries inherent risks. Must be well informed and make decisions based on a comprehensive understanding of company fundamentals and market conditions.
BLS E-Services IPO FAQs
When BLS E-Services IPO is coming?
The BLS E-Services IPO opens on January 30, 2024 and closes on February 1, 2024.
What is the lot size of BLS E-Services IPO?
BLS E-Services IPO lot size is 108 Shares, and the minimum amount required is ₹14,580.
When BLS E-Services IPO Allotment?
The finalization of Basis of Allotment for BLS E-Services IPO will be done on Friday, February 2, 2024, and the allotted shares will be credited to your demat account by Monday, February 5, 2024.