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    BLS E-Services Limited

    CLOSED

    IPO 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

    View IPO Document

    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 IPOAmount
    Overall310.91 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date2 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.

    DateIpo PriceGMPEstimated 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 PriceListing GainCurrent Market PriceP/L
    129 to 135₹ 629 (171.11%) ₹ 157.4316.61%

    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 in2016
    Managing director
    Parent organizationBLS International Services Limited

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)123.3
        Non-Institutional Investors (NIIs)300.05
        Retail Individual Investors (RIIs)236.53
        EmployeeN/A
        Total162.38