bls-e Services IPO, Brand Price and allotment Date

bls-e Services IPO details: is set to open on January 30th and close on February 1st. Investors can grab shares at a price between ₹129 and ₹135 per share, with a minimum investment of ₹14,580 required for retail participants. The entire offer will consist of freshly issued shares, representing a main-board listing on BSE and NSE. If you’re interested in participating, be sure to stay updated on news and analysis as market conditions can change.

bls e Services IPO Brand Price and allotment Date 1

About BLS-E Services

  • Founded: April 2016
  • Subsidiary of: BLS International Ltd.
  • Focus: Technology-enabled digital service provider
  • Key segments of bls-e:
    • Business correspondence: Providing document management, data processing, and other solutions for banks and other businesses.
    • Assisted E-Services: Acting as a bridge between citizens and government services, facilitating access to passport applications, bill payments, certificate verifications, and more.
    • E-Governance services: Providing technology infrastructure and support for government projects, promoting digitalization and efficient service delivery through Common Service Centres (CSCs).
  • Reach: Network of over 12,000 CSCs across India
  • Strengths:
    • Strong track record of profitability and growth
    • Experienced management team
    • Wide footprint and brand recognition
    • Growing demand for E-Services and E-Governance in India but AI can take it over.
  • Challenges:
    • Competition from other well stablish players in the market.
    • Dependence on government contracts mostly.
    • Relatively new company with limited public market presence till now.

How bls-e Services Works and for whom they work:

  • For businesses:
    • BLS-E Services acts as an outsourcing partner which handling document management, data processing, and other tasks they  allow businesses to focus on core operations.
  • For citizens:
    • BLS-E Services facilitates access to various government services through its CSC network. Citizens can visit a CSC to apply for passports, pay bills, verify certificates, and avail other services.
  • For governments:
    • BLS-E Services provides technology infrastructure and support for government projects, enabling digitalization and efficient service delivery through CSCs.

What makes bls-e Services interesting for an investor:

  • Strong track record: The company has been profitable for the past three years and boasts a steady growth trajectory.
  • Promising market: The demand for their services is expected to rise as businesses prioritize efficiency and governments push for digitalization.
  • Wide footprint: BLS-E Services has a network of over 12,000 centers across India, giving them a strong reach and brand recognition.
  • Experienced management: The company is led by a team with extensive experience in the industry, adding to investor confidence.

Your concern should be:

  • Competition: The company faces competition from other players in the E-Services and E-Governance space and mostly as the technology is increasing these kind of work can be control by the AI.
  • Dependence on government contracts: A significant portion of their revenue comes from government contracts, making them vulnerable to policy changes or project delays.

Objects of the Issue:

  • Strengthening technology infrastructure to develop new capabilities while consolidating existing platforms;
  • Launch BLS Stores as funding initiatives for organic growth;
  • Acquisition-focused growth; andatteindre General Corporate Purposes are among the goals to pursue for continued expansion of operations.

bls-e Services IPO Date & Price Band Details and other details

IPO Open:January 30, 2024
IPO Close:February 1, 2024
IPO Size:Approx ₹310.91 Crores
Fresh Issue:Approx ₹310.91 Crores
Face Value:₹10 Per Equity Share
IPO Price Band:₹129 to ₹135 Per Share
IPO Listing on:BSE & NSE
Retail Quota:10%
QIB Quota:75%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here

bls-e Services IPO Market Lots

ApplicationLot SizeSharesAmount
Retail Minimum1108₹14,580
Retail Maximum131,404₹189,540
S-HNI Minimum141,512₹204,120
B-HNI Minimum697,452₹1,006,020

bls-e Services IPO Allotment and Listing Dates

IPO Open Date:January 30, 2024
IPO Close Date:February 1, 2024
Basis of Allotment:February 2, 2024
Refunds:February 5, 2024
Credit to Demat Account:February 5, 2024
IPO Listing Date:February 6, 2024

bls-e Services Company Financial Data


Data in Cr.
202120222023Sep 2023
Revenue (₹)₹65.23₹98.40₹246.29₹158.05
Expense (₹)₹61.31₹91.62₹216.71₹137.27
PAT (₹)₹3.15₹5.38₹20.33₹14.68
PAT:- profit after Tax.

Company Address

CategoryDetails
Peer GroupEMudhra Limited
Company PromotersBLS International Services Limited
BLS-E Services IPO RegistrarKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Allotment Status CheckCheck BLS-E Services IPO allotment status on KFintech website allotment URL. Click Here
IPO Lead ManagersUnistone Capital Pvt Ltd
Company AddressBLS E-Services Limited
G-4B-1, Extension, Mohan Co-operative Indl. Estate Mathura Road,
South Delhi, New Delhi – 110044, India
Company Phone+91-11- 45795002
Company Email[email protected]
Company Websitehttps://www.blseservices.com/

Frequently asked question by investors:

When bls-e Services IPO will open?

This Initial Public Offering will open for QIB, NII and Retail Investors on January 30, 2024.

What is bls-e Services IPO Investors Portion?

QIB investors comprise 75%, National Infrastructure Initiative (15%) and Retail (10%) of total equity contributions.

What is bls-e Services IPO Size?

bls-e Services’ initial public offering (IPO) size stands at Rs310.91 crores.

What is bls-e Services IPO Price Band?

bls-e Services Initial Public Offering Price Range Is Rs129 to 135.

What is the bls-e Services IPO Allotment Date?

bls-e Services’ initial public offering (IPO) allotment date has been scheduled for February 2, 2024.

What is the bls-e Services IPO Listing Date?

bls-e Services IPO listing date will take place on February 6, 2024 on both BSE and NSE exchanges.

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