The BLS E Services IPO started on January 29, 2024, and ended on February 1, 2024. Shares were allocated on February 2, 2024, and refund processes began on February 5, 2024. On February 5, 2024, the shares were credited to investors demat accounts. BLS E Services was officially listed on the stock exchange on February 6, 2024.
During the IPO, BLS E Services offered shares at a price range of ₹129 to ₹135 per share, and the lot size was 108 shares. The total issue size was ₹310.91 crores, with ₹310.91 crores from new shares. The IPO was listed on both the NSE and BSE.
BLS E Services IPO Subscription Update Video
BLS E Services IPO Subscription Status
The BLS E Services IPO on February 1, 2023 was subscribed 162.38 times, with the retail category being subscribed 236.53 times, the NII (Non-Institutional Investor) category being subscribed 300.05 times, the QIB (Qualified-Institutional Buyers) category being subscribed 123.30 times and the Employee category being subscribed 15.30 times.
| Category | Subscription |
| QIB | 123.30x |
| NII | 300.05x |
| Retail | 236.53x |
| Employee | 15.30x |
| Total | 162.38x |
BLS IPO Basic Details
| Company Name | BLS E Services Limited |
| Domain of Company | Digital Service Provider |
| BLS E Services IPO Open Date | January 29, 2024 |
| BLS E Services IPO Close Date | February 1, 2024 |
| BLS E Services IPO Allotment Date | February 2, 2024 |
| BLS E Services IPO Listing Date | February 6, 2024 |
| Face Value | ₹10 per share |
| Price | ₹129 to ₹135 per share |
| Lot Size | 108 Shares |
| Issue Size | 23,030,000 shares of ₹10 (aggregating up to ₹310.91 Cr) |
| Fresh Issue | 23,030,000 shares of ₹10 (aggregating up to ₹310.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | BLS International Services Limited |
About BLS E Services Limited
Established in April 2016, BLS-E Services Limited is a digital service provider that supports major banks in India, providing Business Correspondence services, Assisted E-Services, and E-Governance Services at the grassroots level.
The company’s services fall into three main categories: (i) Business Correspondents Services; (ii) Assisted E-services; and (iii) E-Governance Services.
As a subsidiary of BLS International Services Limited, the company extends visa, passport, consular, and citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America, and the Middle East through its technology-enabled platform. It stands as the sole listed company in India engaged in this domain.
By March 31, 2023, the merchant network had expanded to 92,427, aiming to reach underserved populations in remote areas.
Revenue from operations for the fiscal years 2021, 2022, and 2023 reached ₹6,448.72 lakhs, ₹9,669.82 lakhs, and ₹24,306.07 lakhs, respectively.
As of June 30, 2023, the company employs a total of 3,071 individuals, including 2,413 contract employees.
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BLS E Services IPO FAQs
What is the start and end date of BLS E Services IPO Subscription?
The BLS E Services IPO started on January 29, 2024 and ended on February 1, 2024.
When does BLS E Services IPO Subscription open?
The BLS E Services IPO open on January 29, 2024.
When does BLS E Services IPO Subscription close?
The BLS E Services IPO Close on February 1, 2024.
What is the allotment date of BLS E Services IPO?
The allotment date for BLS E Services IPO is February 2, 2024.
When is the initial refund date of BLS E Services IPO?
The initial Refund date for BLS E Services IPO is February 5, 2024.
When were the shares credited to investors demat accounts for the BLS E Services IPO?
The shares for the BLS E Services IPO were credited to investors demat accounts on February 5, 2024.
When will BLS E Services IPO be listed on the stock market?
BLS E Services IPO stock market will be listed on February 6, 2024 at 10 am.
What was the price range of the BLS E Services IPO shares?
The BLS E Services IPO shares were offered at a price range of ₹129 to ₹135 per share.
What was the lot size for the BLS E Services IPO shares?
The lot size for the BLS E Services IPO shares was 108 shares.
What was the total issue size of the BLS E Services IPO?
The total issue size of the BLS E Services IPO was ₹310.91 crores.
On which stock exchanges was the BLS E Services IPO listed?
The BLS E Services IPO was listed on both the NSE and BSE.
What is the BLS E Services IPO Subscription Status?
BLS E Services IPO is subscribed 162.38 Times.
