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BLS E-Services IPO is a Book Building 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 posted revenues of ₹ 316.10 crores and PAT of ₹ 29.36 crores in FY24 on annualised basis.
Revenue:
₹ 312.36 Cr.
EBITDA Margin:
14.41
% 
Net Worth: ₹ 120.37 Cr.
Market Capitalisation:
₹ 1226.56 Cr.
P/E:
24.85 times
P/BV: 2.84 times
EV/EBITDA: 26.78 times
Financial results of BLS E-Services IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Sep-23 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 213.77 | 179.47 | 55.93 | 40.59 | |
| Net Worth | 120.37 | 106.94 | 15.07 | 40.59 | |
| Total Debt | [●] | [●] | 8.76 | 11.02 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
156.18
312.36 |
243.06 | 96.70 | 64.49 | |
EBITDA
EBITDA on annualised basis |
22.50
45.00 |
36.29 | 8.62 | 5.47 | |
PAT
PAT on annualised basis |
14.68
29.36 |
20.33 | 5.38 | 3.15 | |
BLS E-Services IPO PAT Margin is 9.40 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows BLS E-Services IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Sep-23 | FY23 | FY22 | FY21 |
|---|---|---|---|---|
| EBITDA Margin (%) | 14.41 | 14.93 | 8.91 | 8.48 |
| PAT Margin (%) | 9.40 | 8.36 | 5.56 | 4.88 |
| EPS (₹) | 2.04 | 3.02 | 0.89 | 0.52 |
| ROE (%) | 12.20 | 19.01 | 35.70 | 7.76 |
| ROCE (%) | [●] | [●] | [●] | [●] |
| ROA (%) | 6.87 | 11.33 | 9.62 | 7.76 |
| Debt to Equity | [●] | [●] | 0.58 | 0.27 |
The market Capitalisation of BLS E-Services IPO is ₹ 1226.56 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The BLS E-Services IPO prospectus highlights an Return on Equity (ROE) of 12.20 % , Return on Assets (ROA) of 6.87 %, and an EBITDA Margin of 14.41 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows BLS E-Services IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of BLS E-Services IPO is ₹ 1226.56 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The BLS E-Services IPO has a Price-to-Earnings (PE) ratio of 24.85 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
BLS E-Services IPO reported revenue of ₹ 316.10 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from BLS E-Services IPO provide insights into sales growth, market demand, and business scalability.
BLS E-Services recorded an EBITDA of ₹ 45.00 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
BLS E-Services Profit After Tax (PAT) is ₹ 29.36 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 312.36 Cr.
EBITDA Margin:
14.41
%
Net Worth: ₹ 120.37 Cr.
Market Capitalisation:
₹ 1226.56 Cr.
P/E:
24.85 times
P/BV: 2.84 times
EV/EBITDA: 26.78 times
BLS E-Services operates in Corporate Solutions and Business Correspondents Services And E-governance Services. The Issue is listed on BSE,NSE in Feb, 2024. BLS E-Services IPO size was 310.91 with Issue price of 135.00 .
Merchant Banker(s) of BLS E-Services IPO: Unistone Capital Private Limited
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 203.34.
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