BLS E-Services Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

BLS E-Services Ltd IPO

BLS E-Services Limited is a technology enabled digital service provider, providing (i) Business Correspondents, (ii) Assisted Eservices; and (iii) E-Governance Services at grass root levels in India. A key stakeholder in each of its business segments are merchants, for delivery of its products and services to the citizens. The Company acts as Business Correspondents to provide banking products and services on behalf of major banks in India. Further, the company provides assisted e-services through retailers and digital stores. The Company also facilitates delivery of various e-governance initiatives of the State Governments in India by providing various information communication technology enabled citizen centric services.

BLS E-Services Ltd IPO Details

Total Shares Offered

₹ 2,30,30,000

Offer to Public

TBA

Retail Max (Shares)

₹ 20,72,700

Pre Issue Promoters Holding

₹ 6,12,16,485

Exchange

BSE

Issue size

₹ 310.91 Cr

IPO Open Date

Jan 30, 2024

Close Date

Feb 1, 2024

Lot Size

108

Min Investment

₹ 13,932

Issue Type

Book Building

Listing Date

Feb 6, 2024

BLS E-Services Ltd IPO Dates

Jan 30, 2024

Opening date

Feb 1, 2024

Closing date

Feb 2, 2024

Basis of Allotment

Feb 5, 2024

Initiation of Refunds

Feb 5, 2024

Credit of Shares

Feb 6, 2024

Listing date

Details

Sector	Type
Sector	Computers - Software - Medium
Sub Sector	Small
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	15545250
NII	0x	3109050
Retail	0x	2072700
Employee	0x	0
Total	0x	23030000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

15545250

3109050

2072700

23030000

BLS E-Services Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	519.35	301.48	243.06
EBITDA	38.06	10.94	1.66
PAT	27.44	7.25	1.03
Total Assets	29.40	215.63	7.29
Share Capital	90.86	90.86	66.73
Total Borrowings	6.44	8.36	4.35
Operating Activities (Net Cash)	28.12	7.46	1.05
Investing Activities (Net Cash)	210.34	131.41	130.89
Financing Activities (Net Cash)	6.44	8.36	4.35
Net Cashflow	8.88	203.32	1.21

About BLS E-Services Ltd

BLS E-Services Limited was incorporated in New Delhi, as `BLS E-Services Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated April 12, 2016, issued by the Deputy Registrar of Companies, Central Registration Centre. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed at the meeting of the Board of Directors held on December 23, 2022 and in the extraordinary general meeting of its Shareholders held on December 29, 2022 , and consequently, the name of the Company was changed to `BLS E-Services Limited', and a fresh certificate of incorporation dated April 10, 2023, was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC) to the Company.

In India, technology has significantly improved the accessibility and affordability of financial services that were previously inaccessible to the unbanked or underbanked masses. Business Correspondents is one of the initiatives to increase financial inclusion and provide banking services to financially excluded people in all parts of the country, especially in the rural areas. Total digital payments in India have witnessed significant growth over the past few years. Between Fiscal 2018 and 2023, the volume of digital payments transactions has increased from 14.6 billion to 113.9 billion, causing its share in overall payment transactions to increase from 59% in Fiscal 2018 to 99% in Fiscal 2023.

Peer Comparison:

eMudhra Ltd

BLS E-Services Ltd Key Points

Strengths

Asset light business model.

We enable social and financial inclusion in India.

Multiple cross-selling and up-selling opportunities, network effect and wide reach for customer acquisition.

Business model with diverse sources of revenue and negligible customer acquisition and retention costs.

Successful track record of its acquisitions.

Risk

The company predominantly undertakes fee and commission-based activities, and its financial performance may be adversely affected by the company inability to generate income from such activities.

Its contracts with respect to E-Governance projects are awarded to its Promoter, BLS International Services Limited by governmental agencies for providing G2C services to the citizens.

As a result of its limited operating history, the company may not be able to compete successfully, and it may be difficult to evaluate its business and future operating results on the basis of the company past performance.

Strategy

Strengthening and integrating its technology backbone.

Grow its merchants and BLS Stores network.

Pursue strategic investments and acquisitions to enhance product and service capabilities.

Leverage existing market position to grow each business segments, with an aim to improve cross-selling results.

How To Apply for BLS E-Services Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the BLS E-Services Ltd IPO?

BLS E-Services Ltd's IPO offers shares for up to 310.91 It begins on Jan 30, 2024 and ends on Feb 1, 2024.

What is the price of the BLS E-Services Ltd IPO?

The price of BLS E-Services Ltd IPO ranges between ₹129 to ₹135 per share.

What are the open and close dates for the BLS E-Services Ltd IPO?

The BLS E-Services Ltd IPO opens on Jan 30, 2024 and closes on Feb 1, 2024.

When will the BLS E-Services Ltd IPO be allotted?

The allotment for the BLS E-Services Ltd IPO will be finalised on Feb 2, 2024. The shares will be listed on BSE and NSE on Feb 6, 2024.

What is the minimum lot size required for BLS E-Services Ltd IPO?

The minimum lot size for BLS E-Services Ltd IPO is 108 shares, priced between ₹129 to ₹135 per share.

What is the GMP of BLS E-Services Ltd IPO?

The GMP (Grey Market Premium) of BLS E-Services Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of BLS E-Services Ltd IPO?

To check the allotment status of BLS E-Services Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the BLS E-Services Ltd IPO getting listed?

The BLS E-Services Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 30, 2024, and closes on Feb 1, 2024. The allotment is finalised on Feb 2, 2024.

How do you apply for the BLS E-Services Ltd IPO?

To apply for the BLS E-Services Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.