BLS-E Services IPO Date, Review, Price, Allotment Details

BLS-E Services IPO Details: BLS-E Services IPO date is fixed, the IPO is to hit the market on January 30, 2024 and will close on February 1, 2024. BLS-E Services IPO to raise around ₹310.91 crores via IPO that comprises fresh issue of ₹310.91 crores and offer for sale up to [.] equity shares of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.
BLS-E Services IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum1108₹14,580
Retail Maximum131,404₹189,540
S-HNI Minimum141,512₹204,120
B-HNI Minimum697,452₹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
YearRevenueExpensePAT
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/

BLS-E Services IPO FAQs

What is BLS-E Services IPO?

BLS-E Services IPO is a main-board IPO. They are going to raise ₹310.91Crores via IPO. The issue is priced at ₹129 to ₹135 pr equity share. The IPO is to be listed on BSE & NSE.

When BLS-E Services IPO will open?

The IPO is to open on January 30, 2024 for QIB, NII, and Retail Investors.

What is BLS-E Services IPO Investors Portion?

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

How to Apply the BLS-E Services IPO?

You can apply for BLS-E Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the BLS-E Services IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “BLS-E Services”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the BLS-E Services IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “BLS-E Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the BLS-E Services IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “BLS-E Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is BLS-E Services IPO Size?

BLS-E Services IPO size is ₹310.91 crores.

What is BLS-E Services IPO Price Band?

BLS-E Services IPO Price Band is ₹129 to ₹135.

What is the BLS-E Services IPO Allotment Date?

BLS-E Services IPO allotment date is February 2, 2024.

What is the BLS-E Services IPO Listing Date?

BLS-E Services IPO listing date is February 6, 2024. The IPO is to list on BSE and NSE.

Note: The BLS-E Services IPO price band and date are officially announced. The IPO grey market premium (BLS-E Services IPO Premium) will be added to the IPO grey market page as it will start).

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