BLS E-Services Limited
CLOSEDIPO Date: 30 Jan - 1 Feb 2024
Listing Date: 6 Feb 2024
Price Range
129 to 135
Issue Size
310.91 Cr
Min Investment
₹13,932
Lot Size
108 Shares
Schedule of BLS E-Services Limited
Issue open date
30 Jan 2024
Issue close date
1 Feb 2024
UPI mandate deadline
1 Feb 2024 (5 PM)
Allotment finalization
2 Feb 2024
Share credit
5 Feb 2024
Listing date
6 Feb 2024
Mandate end date
16 Feb 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 310.91 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 2 Feb 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 2 Jun 2024 | ₹135 | ₹155 | ₹290 (114.81%) |
| 2 May 2024 | ₹135 | ₹155 | ₹290 (114.81%) |
| 2 Apr 2024 | ₹135 | ₹159 | ₹294 (117.78%) |
| 2 Mar 2024 | ₹135 | ₹159 | ₹294 (117.78%) |
| 2 Feb 2024 | ₹135 | ₹175 | ₹310 (129.63%) |
| 1 Feb 2024 | ₹135 | ₹175 | ₹310 (129.63%) |
| 31 Jan 2024 | ₹135 | ₹174 | ₹309 (128.89%) |
| 30 Jan 2024 | ₹135 | ₹161 | ₹296 (119.26%) |
| 29 Jan 2024 | ₹135 | ₹158 | ₹293 (117.04%) |
| 28 Jan 2024 | ₹135 | ₹145 | ₹280 (107.41%) |
| 27 Jan 2024 | ₹135 | ₹160 | ₹295 (118.52%) |
Performance BLS E-Services Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| 129 to 135 | ₹ 629 (171.11%) | ₹ 157.43 | 16.61% |
About BLS E-Services Limited
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.
| Founded in | 2016 |
| Managing director | |
| Parent organization | BLS International Services Limited |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 123.3 |
| Non-Institutional Investors (NIIs) | 300.05 |
| Retail Individual Investors (RIIs) | 236.53 |
| Employee | N/A |
| Total | 162.38 |