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BLS E-Services Limited IPO : Company Information

BLS E-Services Limited IPO is set to launch on 30 January, 2024. The company initiated its business operations in the year 2016. The company is a provider of digital services to major banks in India in the form of business correspondence services, Assisted E-Services, E-Governance Services etc. Its services have been categorised in three types :- (i) Assisted E-Services (ii) Business Correspondence (iii) E-Governance Services. It is the only listed company engaged in this domain in India. The network of the company has expanded to 92427 merchants and it has 3071 employees currently. On a contractual basis the company has more 2413 people working for it.

BLS E-Services Limited IPO DETAILS

BLS E-Services Limited IPO is set to launch on 30 January, 2024. The subscription timeline extends till 1 February, 2024. The size for the IPO is 310.91 Crore Rs. Shares issued through fresh issue mode are worth Rs 310.91 Crore. No shares are issued through offer for sale mode. The lot size is 108 shares and the price is 129 Rs to 135 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is Kfin Technologies Limited.

Tabular Description of BLS E-Services Limited IPO

IPO OPENING DATE	30 January, 2024
CLOSING DATE FOR IPO	1 February, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	129 Rs. to 135 Rs. per share
LOT SIZE	108 shares
MINIMUM ORDER QUANTITY	108 shares
ISSUE SIZE	310.91 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	310.91 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	6 February, 2024

BLS E-Services Limited IPO : IMPORTANT DATES

IPO OPENING DATE	30 January, 2024
CLOSING DATE FOR IPO	1 February, 2024
IPO ALLOTMENT DATE	2 February, 2024
REFUNDS	5 February, 2024
DEMAT A/C CREDITED ON	5 February, 2024
IPO LISTING DATE	6 February, 2024

BLS E-Services Limited IPO begins for subscription from 30 January, 2024. The IPO subscription would continue till 1 February, 2024. The allotment status for the shareholders who applied would come on 2 February, 2024. The refunds for the ones who did not get allotment would be initiated on 5 February, 2024. The DEMAT accounts of shareholders would be credited on 5 February, 2024. The listing of the company would be completed on 6 February, 2024.

BLS E-Services Limited IPO : Lead Managers

The lead managers are :

Unistone Capital Private Limited

The minimum lot size for the company is decided at 108 shares. This holding accounts to 14580 Rs.. The maximum lot size is decided at 1404 shares. This amounts to 189540 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	108 shares	14580 Rs.
Maximum	1404 shares	189540 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.
With the IPO money the company might pay its outstanding loans.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	40	55	179
Revenue	65	98	246
PAT	3	5	20

BLS E-Services Limited had an asset base of 40 Crore Rs in 2021 which increased to 55 Crore Rs in 2022 and 179 Crore Rs in 2023. The revenue of the firm was 65 Crore Rs in 2021. This increased to 98 Crore Rs in 2022. The revenue of the firm of the year 2023 was at 246 Crore Rs. The profit of the firm was 3 Crore Rs in 2021 which increased to 5 Crore Rs in 2022 and 20 Crore Rs in 2023.

PROS

Its services have been categorised in three types :- (i) Assisted E-Services (ii) Business Correspondence (iii) E-Governance Services.
It is the only listed company engaged in this domain in India.
The network of the company has expanded to 92427 merchants and it has 3071 employees currently. On a contractual basis the company has more 2413 people working for it.

BLS E-Services Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the BLS E-Services Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in