BLS-E Services Limited is a technology-enabled digital service provider, providing (i) Business Correspondent services to major banks in India, (ii) Assisted E-services; and (iii) E-Governance Services at grassroots levels in India. They provide 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 in addition to a host of B2C services to citizens in urban, semi-urban, rural and remote areas.
Presently, Their merchants are organized into two categories i.e. BLS Touchpoints and BLS Stores. All merchants registered with the company are treated as BLS Touchpoints and they have access to offer multiple services being extended by us. BLS Stores are BLS branded stores that offer their entire suite of offerings to the consumers including the availability of select goods on a sample basis supplied by e-commerce players which can be ordered and procured by their consumers after having a touch and feel experience of such goods. As of September 30, 2023, they have 98,034 BLS Touchpoints, which includes 1,016 BLS Stores.
Through their tech-enabled integrated business model, they provide digital and physical products and services in the G2C, B2C, and B2B categories in semi-urban, rural, and remote areas where penetration of the internet is low and citizens need assistance in availing basic technology-enabled services. They organize their business along three primary business segments, (i) Business Correspondents Services; (ii) Assisted E-services; and (iii) E-Governance Services. A key stakeholder in each of their business segments are merchants, with whom we collaborate for the delivery of their products and services to the citizens.
Objects of the Issue
- Strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms;
- Funding initiatives for organic growth by setting up of BLS Stores;
- Achieving inorganic growth through acquisitions; and
- General Corporate Purposes
BLS-E Services IPO Review (Apply or Not)
- Apply
Brokerage Firm IPO Review
- Anand Rathi: Apply
- BP Equities: Apply
- Canara Bank Securities: Apply
- Marwadi Shares and Finance: Apply
- Reliance Securities: Apply
- Swastika Investmart: Apply
- Ventura Securities: Apply
BLS-E Services IPO Date & Price Band 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% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
BLS-E Services IPO Market Lot
The BLS-E Services IPO minimum market lot is 108 shares with ₹14,580 application amount. The retail investors can apply up-to 13 lots with 1,404 shares or ₹189,540 amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 108 | ₹14,580 |
Retail Maximum | 13 | 1,404 | ₹189,540 |
S-HNI Minimum | 14 | 1,512 | ₹204,120 |
B-HNI Minimum | 69 | 7,452 | ₹1,006,020 |
BLS-E Services IPO Allotment & Listing Dates
The BLS-E Services IPO date is January 30 and the close date is February 1. The BLS-E Services IPO allotment will be finalized on February 2 and the IPO listing on February 6.
Anchor Investors Allotment: | January 29, 2024 |
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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
BLS-E Services IPO Form
How to apply for the BLS-E Services IPO? You can apply for BLS-E Services IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the BLS-E Services IPO in the Invest section. The other option is you can apply for BLS-E Services IPO via IPO forms downloaded via NSE and BSE. Check out the BLS-E Services forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
BLS-E Services Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹65.23 | ₹61.31 | ₹3.15 |
2022 | ₹98.40 | ₹91.62 | ₹5.38 |
2023 | ₹246.29 | ₹216.71 | ₹20.33 |
Sep 2023 | ₹158.05 | ₹137.27 | ₹14.68 |
BLS-E Services IPO Valuation – FY2023
Check BLS-E Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹3.02 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 16.46% |
Net Asset Value (NAV): | ₹18.76 per Equity Share |
Peer Group
- EMudhra Limited
Company Promoters
- BLS International Services Limited
BLS-E Services IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
BLS-E Services IPO Allotment Status Check
Check BLS-E Services IPO allotment status on KFintech website allotment URL. Click Here
BLS-E Services IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt Ltd
Company Address
BLS E-Services Limited
G-4B-1, Extension, Mohan Co-operative
Indl. Estate Mathura Road,
South Delhi, New Delhi – 110044, India
Phone: +91-11- 45795002
Email: [email protected]
Website: https://www.blseservices.com/
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