74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

BLS E-Services IPO (BLS E-Services Limited IPO) Detail

BLS E-Services IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 310.91 Cr. The company is based in New Delhi and caters to Corporate Solutions sector. Unistone Capital is the merchant banker of BLS E-Services IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th August 2023.

BLS E-Services IPO open date is 30th January 2024 and close date is 1st February 2024. IPO Allotment Date is 2nd February 2024 and Listing date is 6th February 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 310.91 Cr. Avg IPO Size (Sector Based) : ₹ 697.45 cr.
  • Sector: Corporate Solutions IPO so far: 14
  • Merchant Banker: Unistone Capital IPO by BRLM so far: 13
  • City: New Delhi IPO so far: 123
  • Revenue (annualised): ₹ 316.10 cr.
            PAT: (annualised): ₹ 29.36 cr. Read Financial Information >>
  • PE Ratio: 24.85x Average Sector PE Ratio: 20.56x

BLS E-Services IPO Date

Date of DRHP:
4th August 2023
IPO Open Date:
30th January 2024
IPO Close Date:
1st February 2024
IPO Allotment Date:
2nd February 2024
Initiation of Refund:
5th February 2024
IPO Listing Date:
6th February 2024

BLS E-Services IPO Info, Size, Subscription

BLS E-Services IPO size is ₹ 310.91 Cr. with IPO price of ₹ 135.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 310.91 Cr.

Issue Price:
₹ 135.00

Market Capitalisation :
₹ 1226.56 Cr.

PE multiple :
24.85

Subscription :
162.38 times

Pre Issue Promoter Holding :
93.80 %

Post Issue Promoter Holding :
68.90 %

BLS E-Services IPO Information

Sub Sector : business correspondents services and e-governance services
BLS E-Services Limited is a leading technology-enabled digital service provider offering Business Correspondent services to major banks in India, Assisted E-services, and E-Governance services at the grassroots level. Through its robust network, the company provides access points for delivering essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services for both governments (G2C) and businesses (B2B). Additionally, it offers a range of B2C services to citizens in urban, semi-urban, rural, and remote areas. With its tech-enabled integrated business model, the company delivers digital and physical products and services in areas with low internet penetration, where citizens require assistance in accessing basic technology-enabled services. Its business is organized into three primary segments: Business Correspondents Services, Assisted E-services, and E-Governance Services. Merchants
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Object of Issue (BLS E-Services IPO Objectives)

  • 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 Purposes

Unistone Capital Private Limited is the book-running lead manager of the BLS E-Services IPO. Kfin Technologies Limited is the Registrar for BLS E-Services IPO.

BLS E-Services IPO Registrar (RTA)

Kfin Technologies Limited

BLS E-Services IPO Lead Manager (BRLM)

Unistone Capital Private Limited

BLS E-Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is BLS E-Services IPO?

BLS E-Services IPO, based in New Delhi, operates in the   Corporate Solutions sector with a focus on business correspondents services and e-governance services. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. BLS E-Services IPO size is ₹ 310.91 Cr. with fresh issue size of ₹ 310.91 Cr. and Offer for sale being ₹ Nil

When is BLS E-Services IPO allotment?

The IPO allotment date for BLS E-Services IPO is expected to be 2nd February 2024, after the finalization of basis of allotment. Investors can check BLS E-Services IPO allotment status on the registrars website, Kfin Technologies Limited . BLS E-Services IPO refund dates are 5th February 2024.

When is BLS E-Services IPO listing date?

BLS E-Services IPO is expected to be listed on 6th February 2024.

What is the price band for BLS E-Services IPO?

The upper price band for the BLS E-Services IPO is set at ₹ 135.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is BLS E-Services IPO Review?

For IPO analysis on BLS E-Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for BLS E-Services IPO?

To apply for the BLS E-Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 1st February 2024. After submission, funds are blocked until the basis of allotment of BLS E-Services IPO is finalised.

Who is the merchant banker of BLS E-Services IPO?

The merchant banker for BLS E-Services IPO is Unistone Capital Private Limited . Unistone Capital Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the BLS E-Services IPO RHP for further details.

Who is the Registrar of BLS E-Services IPO?

The registrar for BLS E-Services IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to BLS E-Services IPO through their official website or helpline.

What is the BLS E-Services IPO subscription?

BLS E-Services IPO was subscribed 162.38 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

BLS E-Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on BLS E-Services Financial Review Page

BLS E-Services IPO subscription was 162.38 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

BLS E-Services IPO listed at a listing price of 370.75 against the offer price of 135.00.

The current market price of BLS E-Services is 217.57.

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