{"id":5619,"date":"2024-01-25T13:13:05","date_gmt":"2024-01-25T07:43:05","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5619"},"modified":"2024-01-29T11:56:11","modified_gmt":"2024-01-29T06:26:11","slug":"bls-e-services-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/bls-e-services-ipo-details\/","title":{"rendered":"BLS E-Services IPO Details - Complete Overview of BLS E-Services Limited IPO"},"content":{"rendered":"\n

BLS E-Services IPO Price: <\/strong>\u20b9129 - \u20b9135
IPO Date Range:<\/strong> Jan 30, 2024 - Feb 1, 2024<\/p>\n\n\n\n

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\"BLS<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence<\/h2>\n\n\n\n

Founded in April 2016, BLS-E Services Limited stands as a digital service provider specializing in delivering Business Correspondence services to prominent banks in India. The company also offers Assisted E-Services and E-Governance Services, primarily focusing on grassroots-level engagement within the country.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Services Offered<\/h2>\n\n\n\n

The company's services are structured into three main components: <\/p>\n\n\n\n

    \n
  1. Business Correspondents Services<\/li>\n\n\n\n
  2. Assisted E-Services<\/li>\n\n\n\n
  3. E-Governance Services.<\/li>\n<\/ol>\n\n\n\n

    As a subsidiary of BLS International Services Limited, the company extends visa, passport, consular, and various citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America, and the Middle East through its technologically advanced platform.<\/p>\n\n\n\n

    Market Expansion<\/h2>\n\n\n\n

    As of March 31, 2023, the merchant network had expanded to 92,427, reflecting the company's commitment to reaching and serving underserved and unserved populations in challenging and remote areas.<\/p>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n\n
    -<\/div>
    DAYS<\/div><\/div>
    -<\/div>
    HOURS<\/div><\/div>
    -<\/div>
    MINUTES<\/div><\/div>
    -<\/div>
    SECONDS<\/div><\/div><\/div>\n\n\n\n
    APPLY NOW<\/span><\/path><\/svg>

    Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

    BLS E-Services IPO Specifics:<\/h2>\n\n\n\n
    IPO Date<\/td>January 30, 2024 to February 1, 2024<\/td><\/tr>
    Listing Date<\/td>Tuesday, February 6, 2024<\/td><\/tr>
    Face Value<\/td>\u20b910 per share<\/td><\/tr>
    Price Band<\/td>\u20b9129 to \u20b9135 per share<\/td><\/tr>
    Lot Size<\/td>108 shares<\/td><\/tr>
    Total Issue Size<\/td>23,030,000 shares
    (aggregating up to \u20b9310.91 Cr)<\/td><\/tr>
    Fresh Issue<\/td>23,030,000 shares
    (aggregating up to \u20b9310.91 Cr)<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>66,726,485<\/td><\/tr>
    Share holding post issue<\/td>89,756,485<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    BLS E-Services IPO Lot Size<\/h2>\n\n\n\n

    Investors have the option to bid for a minimum of 108 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.<\/p>\n\n\n\n

    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>108<\/td>\u20b914,580<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>1,404<\/td>\u20b9189,540<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>1,512<\/td>\u20b9204,120<\/td><\/tr>
    S-HNI (Max)<\/td>68<\/td>7,344<\/td>\u20b9991,440<\/td><\/tr>
    B-HNI (Min)<\/td>69<\/td>7,452<\/td>\u20b91,006,020<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    BLS E-Services IPO Reservation<\/h2>\n\n\n\n
    QIB Shares Offered<\/td>Not more than 75% of the Net Issue<\/td><\/tr>
    Retail Shares Offered<\/td>Not less than 10% of the Net Issue<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    BLS E-Services IPO Timetable (Important Dates)<\/h2>\n\n\n\n
    IPO Open Date<\/td>Tuesday, January 30, 2024<\/td><\/tr>
    IPO Close Date<\/td>Thursday, February 1, 2024<\/td><\/tr>
    Basis of Allotment<\/td>Friday, February 2, 2024<\/td><\/tr>
    Initiation of Refunds<\/td>Monday, February 5, 2024<\/td><\/tr>
    Credit of Shares to Demat<\/td>Monday, February 5, 2024<\/td><\/tr>
    Listing Date<\/td>Tuesday, February 6, 2024<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on February 1, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Don't Miss Out!<\/h2>
    <\/div>

    Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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    APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

    BLS E-Services Limited IPO Financial Information<\/h2>\n\n\n\n

    BLS E-Services Limited witnessed a remarkable upswing in its financial performance, with a 150.31% increase in revenue and a notable 277.94% rise in profit after tax (PAT) between the financial year ending March 31, 2022, and the corresponding period concluding on March 31, 2023. <\/p>\n\n\n\n

    Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 Sep 2023<\/th><\/tr><\/thead>
    Assets<\/td>40.59<\/td>55.93<\/td>179.47<\/td>213.77<\/td><\/tr>
    Revenue<\/td>65.23<\/td>98.40<\/td>246.29<\/td>158.05<\/td><\/tr>
    Profit After Tax<\/td>3.15<\/td>5.38<\/td>20.33<\/td>14.68<\/td><\/tr>
    Net Worth<\/td>9.68<\/td>15.07<\/td>106.94<\/td>120.37<\/td><\/tr>
    Total Borrowing<\/td>11.02<\/td>8.76<\/td>0.00<\/td>0.00<\/td><\/tr><\/tbody><\/table>
    Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

    Key Performance Indicator - BLS E-Services IPO<\/h2>\n\n\n\n
    KPI<\/th>Values<\/th><\/tr><\/thead>
    P\/E (x)<\/td>44.31<\/td><\/tr>
    Market Cap (\u20b9 Cr.)<\/td>1,226.56<\/td><\/tr>
    ROE<\/td>33.33%<\/td><\/tr>
    ROCE<\/td>30.62%<\/td><\/tr>
    EPS (Rs)<\/td>3.05<\/td><\/tr>
    Debt\/ Equity<\/td>0.05<\/td><\/tr>
    RoNW<\/td>16.42%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    The company plans to use the Net Proceeds for the following purposes:<\/p>\n\n\n\n

      \n
    1. Strengthening the technology infrastructure to develop new capabilities and consolidating existing platforms.<\/li>\n\n\n\n
    2. Funding initiatives for organic growth, specifically by establishing BLS Stores.<\/li>\n\n\n\n
    3. Achieving inorganic growth through acquisitions.<\/li>\n\n\n\n
    4. Addressing general corporate purposes.<\/li>\n<\/ol>\n\n\n\n

      Prospectus Links:<\/strong><\/h2>\n\n\n\n

      Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. BLS E-Services DRHP<\/a> and BLS E-Services RHP<\/a>.<\/p>\n\n\n\n

      Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
      <\/div><\/div>\n\n\n
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      What is an IPO?<\/h3>\n
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      An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n

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      Why do companies go public with an IPO?<\/h3>\n
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      Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

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      What is the price range for the \"BLS E-Services Limited\" IPO?<\/h3>\n
      \n\n

      The price range for the\"BLS E-Services Limited\" IPO is \u20b9129 to \u20b9135 per share.<\/p>\n\n<\/div>\n<\/div>\n

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      When will the \"BLS E-Services Limited\" IPO be listed on the stock exchange?<\/h3>\n
      \n\n

      The \"BLS E-Services Limited\" IPO is expected to be listed on Tuesday, 6 February 2024.<\/p>\n\n<\/div>\n<\/div>\n

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      How to apply for an IPO with Lakshmishree?<\/h3>\n
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      To apply for an IPO with Lakshmishree:
      Go to www.lakshmishree.com\/ipo
      Select the desired IPO and fill in the required details.
      Confirm your application and make the payment.
      Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

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      How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
      \n\n

      Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

      BLS E-Services IPO Price: \u20b9129 - \u20b9135IPO Date Range: Jan 30, 2024 - Feb 1, 2024 Foundation & Business Essence Founded in April 2016, BLS-E Services Limited stands as a digital service provider specializing in delivering Business Correspondence services to prominent banks in India. The company also offers Assisted E-Services and E-Governance Services, primarily focusing […]<\/p>\n","protected":false},"author":1,"featured_media":5627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5619"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5619\/revisions"}],"predecessor-version":[{"id":5632,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5619\/revisions\/5632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5627"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}