BLS
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 30 to Feb 1, 2024
Price Band
₹129-135
Current GMP
₹305 (129%)
Subscription
162.47 times
IPO Details
| IPO Date | January 30, 2024 to February 1, 2024 |
| Listing Date | Tuesday, 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 |
IPO Date
January 30, 2024 to February 1, 2024
Listing Date
Tuesday, 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
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 123.30 |
| Non-Institutional Buyers | 300.14 |
| bNII (bids above ₹10L) | 305.27 |
| sNII (bids below ₹10L) | 289.87 |
| Retail Investors | 237.00 |
| Others | 15.32 |
| Total ** | 162.47 |
Anchor Investors
1
Qualified Institutions
123.30
Non-Institutional Buyers
300.14
bNII (bids above ₹10L)
305.27
sNII (bids below ₹10L)
289.87
Retail Investors
237.00
Others
15.32
Total **
162.47
Day Wise Sub
| Day | QIB | NII | Retail | Other | Total |
|---|---|---|---|---|---|
| Day 1 Jan 30, 2024 | 2.19 | 29.92 | 50.72 | 2.84 | 15.93 |
| Day 2 Jan 31, 2024 | 2.68 | 94.36 | 127.05 | 7.44 | 43.09 |
| Day 3 Feb 1, 2024 | 123.30 | 300.14 | 237.00 | 15.32 | 162.47 |
DayDay 1
Jan 30, 2024
QIB2.19
NII29.92
Retail50.72
Other2.84
Total15.93
DayDay 2
Jan 31, 2024
QIB2.68
NII94.36
Retail127.05
Other7.44
Total43.09
DayDay 3
Feb 1, 2024
QIB123.30
NII300.14
Retail237.00
Other15.32
Total162.47
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-02-2024 | 135.00 | 155 (114.81%) | 290 |
| 05-02-2024 | 135.00 | 155 (114.81%) | 290 |
| 04-02-2024 | 135.00 | 159 (117.78%) | 294 |
| 03-02-2024 | 135.00 | 159 (117.78%) | 294 |
| 02-02-2024 | 135.00 | 175 (129.63%) | 310 |
| 01-02-2024 | 135.00 | 175 (129.63%) | 310 |
| 31-01-2024 | 135.00 | 174 (128.89%) | 309 |
| 30-01-2024 | 135.00 | 161 (119.26%) | 296 |
| 29-01-2024 | 135.00 | 158 (117.04%) | 293 |
| 28-01-2024 | 135.00 | 145 (107.41%) | 280 |
| 27-01-2024 | 135.00 | 160 (118.52%) | 295 |
| 26-01-2024 | 135.00 | 152 (112.59%) | 287 |
| 25-01-2024 | 135.00 | 142 (105.19%) | 277 |
| 24-01-2024 | 135.00 | 110 (81.48%) | 245 |
| 23-01-2024 | NA | 60 (%) | 60 |
Date06-02-2024
Price135.00
GMP155 (114.81%)
Estimate List Price290
Date05-02-2024
Price135.00
GMP155 (114.81%)
Estimate List Price290
Date04-02-2024
Price135.00
GMP159 (117.78%)
Estimate List Price294
Date03-02-2024
Price135.00
GMP159 (117.78%)
Estimate List Price294
Date02-02-2024
Price135.00
GMP175 (129.63%)
Estimate List Price310
Date01-02-2024
Price135.00
GMP175 (129.63%)
Estimate List Price310
Date31-01-2024
Price135.00
GMP174 (128.89%)
Estimate List Price309
Date30-01-2024
Price135.00
GMP161 (119.26%)
Estimate List Price296
Date29-01-2024
Price135.00
GMP158 (117.04%)
Estimate List Price293
Date28-01-2024
Price135.00
GMP145 (107.41%)
Estimate List Price280
Date27-01-2024
Price135.00
GMP160 (118.52%)
Estimate List Price295
Date26-01-2024
Price135.00
GMP152 (112.59%)
Estimate List Price287
Date25-01-2024
Price135.00
GMP142 (105.19%)
Estimate List Price277
Date24-01-2024
Price135.00
GMP110 (81.48%)
Estimate List Price245
Date23-01-2024
PriceNA
GMP60 (%)
Estimate List Price60
IPO Important Dates
| 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 |
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
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 |
ApplicationRetail (Min)
Lots1
Shares108
Amount₹14,580
ApplicationRetail (Max)
Lots13
Shares1404
Amount₹189,540
ApplicationS-HNI (Min)
Lots14
Shares1,512
Amount₹204,120
ApplicationS-HNI (Max)
Lots68
Shares7,344
Amount₹991,440
ApplicationB-HNI (Min)
Lots69
Shares7,452
Amount₹1,006,020
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 213.77 | 179.47 | 55.93 |
| Revenue | 158.05 | 246.29 | 98.40 |
| Profit After Tax | 14.68 | 20.33 | 5.38 |
| Net Worth | 120.37 | 106.94 | 15.07 |
| Total Borrowing | 0.00 | 0.00 | 8.76 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 2023213.77
31 Mar 2023179.47
31 Mar 202255.93
Period EndedRevenue
30 Sep 2023158.05
31 Mar 2023246.29
31 Mar 202298.40
Period EndedProfit After Tax
30 Sep 202314.68
31 Mar 202320.33
31 Mar 20225.38
Period EndedNet Worth
30 Sep 2023120.37
31 Mar 2023106.94
31 Mar 202215.07
Period EndedTotal Borrowing
30 Sep 20230.00
31 Mar 20230.00
31 Mar 20228.76
Key Performance Indicator
| ROE | 33.33% |
| ROCE | 30.62% |
| Debt/Equity | 0.05 |
| RoNW | 16.46% |
| P/BV | 7.2 |
| EPS (Rs) | 3.05 |
ROE
33.33%
ROCE
30.62%
Debt/Equity
0.05
RoNW
16.46%
P/BV
7.2
EPS (Rs)
3.05
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 |
| Total Shares Offered | 23,030,000 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered9,327,096 (40.50%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered6,218,154 (27.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered3,109,050 (13.50%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered2,072,700 (9.00%)
Maximum Allottees1,370
Investor CategorysNII < ₹10L
Shares Offered1,036,350 (4.50%)
Maximum Allottees685
Investor CategoryRetail Shares Offered
Shares Offered2,072,700 (9.00%)
Maximum Allottees19,191
Investor CategoryTotal Shares Offered
Shares Offered23,030,000 (100%)
Maximum Allottees
Information about company
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; and (iii) E-Governance Services.
The company being a subsidiary of BLS International Services Limited provides visa, passport, consular, and other 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 is the only listed company engaged in this domain in India.
By 31st March 2023, the merchant network had grown to 92,427 in order to serve the underserved and unserved populations in hard-to-reach areas.
The revenue from operations in Fiscal years 2021, 2022 and 2023 were â¹6,448.72 lakhs, â¹9,669.82 lakhs and â¹24,306.07 lakhs, respectively.
As of June 30, 2023, the company has a total of 3,071 employees, including 2,413 contract employees.
Disclaimer
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