BLS E-Services IPO GMP, Price, Date, Allotment

BLS E-Services IPO GMP

BLS E-Services IPO Description – BLS E-Services is a leading technology-enabled digital service provider, offering (i) Business Correspondents services to major banks in India, (ii) Assisted E-services, and (iii) E-Governance Services at grassroots levels in India. Through its robust network, the company provides access points for the delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services for governments (G2C) and businesses (B2B) alike. Additionally, it offers a host of B2C services to citizens in urban, semi-urban, rural, and remote areas.

BLS E-Services is a subsidiary of BLS International Services which specializes in delivering visa, passport, consular, and various citizen services to state and provincial governments in India and abroad.

As of 31 March 2023, BLS E-Services boasts a network of 92,427 BLS Touchpoints and 402 BLS Stores. As of 30 June 2023, BLS E-Services employs a total of 3,071 individuals, which includes 2,413 contract employees.

BLS E-Services IPO

Promoters of BLS E-Services – BLS International Services Limited

BLS E-Services IPO Details

BLS E-Services IPO Dates30 Jan – 1 Feb 2024
BLS E-Services Issue PriceINR 129 – 135 per share
(Shareholder Discount – INR 7 per share)
Fresh issue23,030,000 shares (INR 297.09 – 310.9 crore)
Offer For SaleNIL
Total IPO size23,030,000 shares (INR 297.09 – 310.9 crore)
Minimum bid (lot size)108 shares (INR 14,580)
Face Value INR 10 per share
Retail Allocation10%
Listing OnBSE, NSE

BLS E-Services Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income3.155.3820.3314.68
Margin (%)4.885.568.369.40
Figures in INR Crores unless specified otherwise

BLS E-Services Offer News

BLS E-Services Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio42.72 – 44.70
RONW (%)34.3036.9316.46
ROCE (%)29.6828.3930.62
EBITDA (%)8.398.7614.73
*Compiled by IPO Central from Prospectus

BLS E-Services IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
5 February 2024175
3 February 2024175
2 February 2024170
1 February 2024170
31 January 2024155
30 January 2024150
29 January 2024140
27 January 2024120
26 January 2024115
25 January 202495
24 January 202455

BLS E-Services IPO Objectives

The company proposes to utilize the Net Proceeds towards funding the following objects:

  • Strengthening the technology infrastructure to develop new capabilities and consolidating its existing platforms – INR 97.59 crore
  • Funding initiatives for organic growth by setting up BLS Stores – INR 74.78 crore
  • Achieving inorganic growth through acquisitions – INR 28.71 crore
  • General Corporate Purposes

BLS E-Services IPO Subscription – Live Updates

Shares Offered6,218,1543,109,0502,072,7002,303,00013,702,904
1 Feb 2024123.30300.05236.6215.31162.40
31 Jan 20242.6894.09125.467.3842.78
30 Jan 20242.1929.7049.402.8015.67

The anchor investor portion of 93,27,096 shares is not included in the above calculations.

BLS E-Services – Comparison With Listed Peers

CompanyFace ValuePE ratioEPSRONW (%)NAVRevenue (Cr.)
BLS E-Services1044.703.0216.4618.76246.29

BLS E-Services IPO Allotment Status

BLS E-Services IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

BLS E-Services IPO Dates & Listing Performance

IPO Opening Date30 January 2024
IPO Closing Date1 February 2024
Finalization of Basis of Allotment2 February 2024
Initiation of refunds5 February 2024
Transfer of shares to demat accounts5 February 2024
BLS E-Services IPO Listing Date6 February 2024
Opening Price on NSEINR 305 per share (up 125.93%)
Closing Price on NSEINR 366 per share (up 171.11%)

BLS E-Services IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe
Axis Capital –
Antique Stock Broking –
Arihant Capital – Neutral
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – May Apply
Canara Bank Securities – Subscribe
Choice Broking – Subscribe
Dalal & Broacha –
Elite Wealth – Apply for long-term
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
Investmentz –
Jainam Broking
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities – Subscribe
Religare Broking –
Samco Securities – Subscribe
Unistone Capital – Not Rated
SMC Global – 2/5
Swastika Investmart – Subscribe for long-term
Ventura Securities – Subscribe

BLS E-Services Offer Lead Manager

A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533
Email[email protected]

BLS E-Services Offer Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: [email protected]

BLS E-Services Contact Details

Plot no. 865, Udyog Vihar Phase V,
Gurugram, Haryana – 122016, India
Phone: +91-11-45795002
Email: [email protected]

BLS E-Services IPOFAQs

How many shares in BLS E-Services Issue are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply in BLS E-Services Public Offer?

The best way to apply in BLS E-Services public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is BLS E-Services IPO GMP today?

BLS E-Services IPO GMP today is INR 175 per share.

What is the BLS E-Services kostak rate today?

BLS E-Services kostak rate today is INR NA per application.

What is BLS E-Services Subject to Sauda rate today?

BLS E-Services Subject to Sauda rate today is INR NA per application.


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