Apex Ecotech Limited IPO...
20 Nov 2024
BLS E-Services Limited IPO
BLS E-Services is rendering various citizen centric services in various states of India. BLS has developed its own dedicated, comprehensive and web-enabled services portal to access various services provided by the Government and Service partners. It provides end-to-end integrated solutions to various services available through this portal. By using the BLS platform, various services of the Government can be availed at the click of a button. BLS also provides for online verification of various certificates issued by multiple Departments. BLS is committed to provide Government to Citizen (G2C) & Business to Customer (B2C) Services to citizens through Common Service Centres (CSC) using a digital platform that is prompt and effective which leads to saving of efforts and time of citizens.
Various public services from different government departments are delivered through our CSC Centres close to the doorsteps of the citizens. BLS E-Services IPO is a book-built issue of Rs 310.91 crores. The issue is entirely a fresh issue of 2.3 crore shares. BLS E-Services IPO price band is set at ₹129 to ₹135 per share. The minimum lot size for an application is 108 Shares. Unistone Capital Pvt Ltd is the book running lead manager of the BLS E-Services IPO, while Kfin Technologies Limited is the registrar for the issue.
BLS E-Services IPO Overview
| Detail | Description |
|---|---|
| IPO Date | January 30, 2024 to February 1, 2024 |
| Listing Date | February 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹129 to ₹135 per share |
| Lot Size | 108 Shares |
| Total Issue Size | 23,030,000 shares (aggregating up to ₹310.91 Cr) |
| Fresh Issue | 23,030,000 shares (aggregating up to ₹310.91 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 66,726,485 |
| Share holding post issue | 89,756,485 |
BLS E-Services IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, January 30, 2024 |
| IPO Close Date | Thursday, February 1, 2024 |
| Basis of Allotment | Friday, February 2, 2024 |
| Initiation of Refunds | Monday, February 5, 2024 |
| Credit of Shares to Demat | Monday, February 5, 2024 |
| Listing Date | Tuesday, February 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
BLS E-Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | 13 | 1404 | ₹189,540 |
| S-HNI (Min) | 14 | 1,512 | ₹204,120 |
| S-HNI (Max) | 68 | 7,344 | ₹991,440 |
| B-HNI (Min) | 69 | 7,452 | ₹1,006,020 |
BLS E-Services IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 9,327,096 (40.50%) | NA | QIB Shares Offered | 6,218,154 (27.00%) | NA |
| NII (HNI) Shares Offered | 3,109,050 (13.50%) | |
| bNII > ₹10L | 2,072,700 (9.00%) | 1,370 |
| sNII < ₹10L | 1,036,350 (4.50%) | 685 |
| Retail Shares Offered | 2,072,700 (9.00%) | 19,191 |
| Other Shares Offered | 2,303,000 (10.00%) | NA |
| Total Shares Offered | 23,030,000 (100%) |
BLS E-Services IPO Promoter Holding
| Share Holding Pre Issue | 93.80% |
| Share Holding Post Issue | 68.90% |
BLS E-Services IPO Anchor Investors Details
| Bid Date | January 29, 2024 |
| Shares Offered | 9,327,096 |
| Anchor Portion Size (In Cr.) | 125.92 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 2, 2024 |
Company & Financials
Incorporated in April 2016, BLS-E Services Limited is a digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services and E-Governance Services at the grassroots level in India.
The company's service offerings can be categorized into three parts:
- (i) Business Correspondents Services.
- (ii) Assisted E-services.
- (iii) E-Governance Services.
BLS E-Services Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 213.77 | 179.47 | 55.93 | 40.59 | ||||||||||||||||||||||||||||||||||||
| Revenue | 158.05 | 246.29 | 98.40 | 65.23 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 14.68 | 20.33 | 5.38 | 3.15 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 120.37 | 106.94 | 15.07 | 9.68 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 0.00 | 0.00 | 8.76 | 11.02 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.33% |
| ROCE | 30.62% |
| Debt/Equity | 0.05 |
| RoNW | 16.46% |
| P/BV | 7.2 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.05 | 2.24 |
| P/E (x) | 44.31 | 60.33 |
Objectives of BLS E-Services IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- 1. Strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms.
- 2. Funding initiatives for organic growth by setting up of BLS Stores.
- 3. Achieving inorganic growth through acquisitions.
- 4. General Corporate Purposes.
BLS E-Services IPO Review
BEL is a one-point technology enabled digital service provider and provides almost all related services under one roof. Considering the “Digital India” move by the government, this company has very bright prospects going forward. Based on annualized FY24 earnings, though the issue appears fully priced, it has bright prospects ahead with major infra in place. Investors may park funds for the medium to long term rewards.
FAQs for BLS E-Services IPO
-
What Is The Size Of BLS E-Services Limited’s IPO?
BLS E-Services Limited is preparing to launch an initial public offering (IPO) involving the insurance of 2.41 crores of new equity shares to the public. The company will use the funds raised for tech infrastructure, BLS Stores, acquisitions, and corporate needs for holistic growth.
-
What Is The Price Band Of BLS E-Services Limited’s IPO?
The price band of BLS E-Services Limited IPO issue is INR 129 to INR 135 per share.
-
When will BLS E-Services Limited's IPO be allotted?
The BLS E-Services Limited’s shares will be allotted on February 2, 2024.
-
When will BLS E-Services Limited's IPO open for subscription?
The IPO subscription window for BLS E-Services Limited will open on January 30, 2024.
-
What minimum lot size can retail investors subscribe to?
Retail investors can apply for at least one lot, which is a size of 108 shares, with a sum of ₹14,580.
-
When will BLS E-Services Limited list on exchanges?
BLS E-Services Limited will be listed on BSE and NSE. The stock will be listed on February 6, 2024.
BLS E-Services IPO Subscription Status
Category
Subscription (times)
QIB
123.30
NII
300.05
bNII (bids above ₹10L)
305.27
sNII (bids below ₹10L)
289.59
Retail
236.53
Others
15.30
Total
162.38
DRHP:
DRHP of BLS E-Services Limited IPO
Anchor Investor Link:
Anchor Investor Link of BLS E-Services Limited IPO
-
What Is The Size Of BLS E-Services Limited’s IPO?
BLS E-Services Limited is preparing to launch an initial public offering (IPO) involving the insurance of 2.41 crores of new equity shares to the public. The company will use the funds raised for tech infrastructure, BLS Stores, acquisitions, and corporate needs for holistic growth.
-
What Is The Price Band Of BLS E-Services Limited’s IPO?
The price band of BLS E-Services Limited IPO issue is INR 129 to INR 135 per share.
-
When will BLS E-Services Limited's IPO be allotted?
The BLS E-Services Limited’s shares will be allotted on February 2, 2024.
-
When will BLS E-Services Limited's IPO open for subscription?
The IPO subscription window for BLS E-Services Limited will open on January 30, 2024.
-
What minimum lot size can retail investors subscribe to?
Retail investors can apply for at least one lot, which is a size of 108 shares, with a sum of ₹14,580.
-
When will BLS E-Services Limited list on exchanges?
BLS E-Services Limited will be listed on BSE and NSE. The stock will be listed on February 6, 2024.
BLS E-Services IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 123.30 |
| NII | 300.05 |
| bNII (bids above ₹10L) | 305.27 |
| sNII (bids below ₹10L) | 289.59 |
| Retail | 236.53 |
| Others | 15.30 |
| Total | 162.38 |
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