BLS E-Services Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 30, 2024 to February 1, 2024 |
| Listing Date | February 6, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 129 to ₹ 135 per share |
| Lot Size | 108 Shares |
| Total Issue Size | 2,30,30,000 shares (aggregating up to ₹ 310.91 Cr) |
| Fresh Issue | 2,30,30,000 shares (aggregating up to ₹ 310.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 6,67,26,485 |
| Share holding post issue | 8,97,56,485 |
About BLS E-Services Limited IPO
BLS E-Services is rendering various citizen centric services in various states of India. BLS has developed its own dedicated, comprehensive and web-enabled services portal to access various services provided by the Government and Service partners. It provides end-to-end integrated solutions to various services available through this portal. By using the BLS platform, various services of the Government can be availed at the click of a button. BLS also provides for online verification of various certificates issued by multiple Departments. BLS is committed to provide Government to Citizen (G2C) & Business to Customer (B2C) Services to citizens through Common Service Centres (CSC) using a digital platform that is prompt and effective which leads to saving of efforts and time of citizens.
Various public services from different government departments are delivered through our CSC Centres close to the doorsteps of the citizens. BLS E-Services IPO is a book-built issue of Rs 310.91 crores. The issue is entirely a fresh issue of 2.3 crore shares. BLS E-Services IPO price band is set at ₹129 to ₹135 per share. The minimum lot size for an application is 108 Shares. Unistone Capital Pvt Ltd is the book running lead manager of the BLS E-Services IPO, while Kfin Technologies Limited is the registrar for the issue.
Objectives of BLS E-Services IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- 1. Strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms.
- 2. Funding initiatives for organic growth by setting up of BLS Stores.
- 3. Achieving inorganic growth through acquisitions.
- 4. General Corporate Purposes.
BLS E-Services IPO Review
BEL is a one-point technology enabled digital service provider and provides almost all related services under one roof. Considering the “Digital India” move by the government, this company has very bright prospects going forward. Based on annualized FY24 earnings, though the issue appears fully priced, it has bright prospects ahead with major infra in place. Investors may park funds for the medium to long term rewards.
BLS E-Services Limited IPO Financial Information
Latest Revenue
158.05
₹ Crore
Profit After Tax
14.68
₹ Crore
Net Worth
120.37
₹ Crore
Total Borrowing
0.00
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 213.77 | 158.05 | 14.68 | 120.37 | 0.00 | ||||
| 31 Mar 2023 | 179.47 | 246.29 | 20.33 | 106.94 | 0.00 | ||||
| 31 Mar 2022 | 55.93 | 98.40 | 5.38 | 15.07 | 8.76 | ||||
| 31 Mar 2021 | 40.59 | 65.23 | 3.15 | 9.68 | 11.02 | ||||
| Amount in ₹ Crore | |||||||||
BLS E-Services Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.33% |
| ROCE | 30.62% |
| Debt/Equity | 0.05 |
| RoNW | 16.46% |
| P/BV | 7.2 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.05 | 2.24 |
| P/E (x) | 44.31 | 60.33 |
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Competitive Strengths
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BLS E-Services Limited IPO Timeline
| IPO Open Date | Tuesday, January 30, 2024 |
| IPO Close Date | Thursday, February 1, 2024 |
| Basis of Allotment | Friday, February 2, 2024 |
| Initiation of Refunds | Monday, February 5, 2024 |
| Credit of Shares to Demat | Monday, February 5, 2024 |
| Listing Date | Tuesday, February 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | 13 | 1404 | ₹189,540 |
| S-HNI (Min) | 14 | 1,512 | ₹204,120 |
| S-HNI (Max) | 68 | 7,344 | ₹991,440 |
| B-HNI (Min) | 69 | 7,452 | ₹1,006,020 |