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IPO Status: Listed [30th Jan 2024 to 1st Feb 2024]
BLS E-Services IPO, a Mainline IPO of ₹310.91 Cr was launced on 30-01-2024 to 01-02-2024 and the shares got listed on BSE, NSE on 06-02-2024.
The public issue of BLS E-Services IPO (BLSE,544107) was offered at ₹135.00 per share and the ipo was listed at ₹305.00. It has delivered listing gain of 125.93%.
As the minimum lot size was 108 shares, the IPO has offered Rs 18360 per lot return on listing.
| IPO Issue Opening Date: | 30th Jan 2024 |
| IPO Issue Closing Date: | 1st Feb 2024 |
| IPO Issue Price: | ₹129.00-135.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹310.91 Cr |
| Fresh Issue: | ₹310.91 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 93.80% |
| Promoter Holding Post IPO: | 68.90% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544107 |
| NSE Code: | BLSE |
Get important updates regarding BLS E-Services IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Feb 2024 |
| Refunds Initiation* | 5th Feb 2024 |
| Credit of Shares to Demat* | 5th Feb 2024 |
| IPO Listing Date* | 6th Feb 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹129.00-135.00 |
| Market Lot: | 108 Shares |
| 1 Lot Amount: | ₹14580 |
| Min Small HNI Lots(2-10 Lakh): | 1512 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 7452 shares (69 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-02-2024 | 135.00 | 155 | 12700/177800 | ₹290 (114.81%) | 6-Feb-2024 9:27 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 2016, BLS E-Services Limited is a leading technology-enabled digital services provider offering (i) business correspondent services to major banks in India, (ii) assisted e-services and (iii) e-governance services to the grassroots in India. Through their robust network, they provide access points or delivery of critical public utilities, social services, healthcare, financial, education, agriculture and banking services to governments (G2C) and businesses (B2B) and a variety of B2C services to citizens in urban, semi-urban, rural and remote areas.
A key player in their business areas is merchants, with whom they partner in providing their products and services to citizens. As part of their business activities, they act as “business correspondents" offering banking products and services to citizens on behalf of banks. Through their subsidiaries ZMPL and Starfin, they offer a variety of services including opening savings accounts, recurring deposit accounts, cash deposits, withdrawals, transfers, remittances and bill collection.
In addition, they offer a range of supported electronic services through retailers and digital stores, also known as BLS touchpoints, including PoS services, ticketing services, supported e-commerce services, etc. They also facilitate the implementation of various e-governance initiatives of the State Governments of India by providing various information and communication technologies (“ICT”) to the citizens “through their merchants, also known as BLS touch points ("e-governance services").
By leveraging the large scale, reach and strong engagement of merchants on their platform, they have added new offerings and expanded into e-commerce and insurance brokerage services. Each of their offerings extends the reach of their business to merchants and increases their value. They promote sustainable livelihoods and economic empowerment for women, the rural poor and the unbanked by connecting them with banking, financial and insurance services and promoting financial, social and digital inclusion. Their online portal enables us to accompany citizens and businesses on their digital journey.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | IT Enabled Services | ₹310.91 Cr | https://www.blseservices.com/ |
The company proposes to utilise the Net Proceeds towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Other | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 6,218,154 (45.38%) | 3,109,050 (22.69%) | 2,072,700 (15.13%) | 2,303,000 | 13,702,904 | |
| 1 | 30th Jan 2024 19:04 | 2.19x | 29.92x | 50.72x | 2.84x | 15.93x |
| 2 | 31st Jan 2024 19:04 | 2.68x | 94.36x | 127.05x | 7.44x | 43.09x |
| 3 | 1st Feb 2024 19:04 | 57.04x | 153.94x | 136.96x | 82.61x |
BLS E-Services Limited's revenue increased by 150.31% and profit after tax (PAT) rose by 277.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| BLS E-Services Limited | 3.02 | 3.02 | 18.76 | 44.31 | 16.46 | Consolidated |
| Emudhra Limited | 8.35 | 8.01 | 53.02 | 56.27 | 15.75 | Consolidated |
Last Updated on 10-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase BLS E-Services IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply BLS E-Services IPO with Zerodha.
Alternate approch to apply in BLS E-Services IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
BLS E-Services IPO Review and Important Updates
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To subscribe or apply in BLS E-Services IPO, you can use the following methods:
| BLS E-Services IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in BLS E-Services IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in BLS E-Services IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in BLS E-Services IPO. Most of the Syndicate Banks provide access to apply in BLS E-Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in BLS E-Services IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in BLS E-Services IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
BLS E-Services IPO Review and Important Updates
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Applying in BLS E-Services IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download BLS E-Services IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply BLS E-Services IPO, please refer article >> Link
BLS E-Services IPO Review and Important Updates
Steps to download the online application form for BLS E-Services IPO
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BLS E-Services IPO is going to be list on 06-02-2024. NSE Code for BLS E-Services is BLSE. BSE Code for BLS E-Services is 544107.
Other relevant questions:
When BLS E-Services IPO will be listing? BLS E-Services IPO NSE listing date?BLS E-Services IPO date of listing.BLS E-Services IPO BSE listing date?
BLS E-Services IPO Allotment Date is 02-02-2024.
Other relevant questions:
BLS E-Services IPO share allotment date?BLS E-Services IPO allotment date?
