Srinibas Pradhan Constructions IPO...
28 Feb, 2026
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
BLS E-Services Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 23,030,000 shares (aggregating up to ₹310.91 Cr) |
| Fresh Issue | 23,030,000 shares (aggregating up to ₹310.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 66,726,485 |
| Share holding post issue | 89,756,485 |
BLS E-Services Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
BLS E-Services Limited IPO Lot Size
| Application | Lots | Shares | 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 |
BLS E-Services Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 93.80% |
| Share Holding Post Issue | 68.90% |
Competitive Strength:
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BLS E-Services Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
DRHP:
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Frequently Asked Questions (FAQs)
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What Is The Size Of BLS E-Services Limited’s IPO?
BLS E-Services Limited is preparing to launch an initial public offering (IPO) involving the insurance of 2.41 crores of new equity shares to the public. The company will use the funds raised for tech infrastructure, BLS Stores, acquisitions, and corporate needs for holistic growth.
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What Is The Price Band Of BLS E-Services Limited’s IPO?
The price band of BLS E-Services Limited IPO issue is INR 129 to INR 135 per share.
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When will BLS E-Services Limited's IPO be allotted?
The BLS E-Services Limited’s shares will be allotted on February 2, 2024.
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When will BLS E-Services Limited's IPO open for subscription?
The IPO subscription window for BLS E-Services Limited will open on January 30, 2024.
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What minimum lot size can retail investors subscribe to?
Retail investors can apply for at least one lot, which is a size of 108 shares, with a sum of ₹14,580.
