BLS E-Services IPO Date, Lot Size, GMP, Reservation, How to apply?

On January 30, 2024, BLS E-Services Limited’s initial public offering (IPO) will begin trading on the main market. The BLS E-Services IPO pricing range has been set by the digital service provider business at ₹129 to ₹135 per equity share. Through its public offering, the business hopes to collect ₹310.91 crore. 

BLS E-Services IPO Date 

The initial public offering (IPO) of BLS E-Services, a subsidiary of BLS International, is scheduled to begin on January 30. The subscription window is available until February 1. The IPO, which is anticipated to be valued at Rs 311 crore, is priced between ₹129 and ₹135 per share. 

On January 29, the issue’s anchor book will open. With a target of raising about ₹311 crore, the IPO comprises a new equity offering of ₹2.3 crore shares. The public offer does not include an offer-for-sale section. For retail investors, the minimum investment required is 14,580, with a minimum lot size of 108 shares for an application. 

BLS E-Services IPO listing Date 

The ₹310.91 crore BLS E-Services IPO is a book-built offering. This is a completely new 2.3 crore share offering. The subscription period for the BLS E-Services IPO begins on January 30, 2024, and ends on February 1, 2024. 

On Friday, February 2, 2024, the allocation for the BLS E-Services IPO is anticipated to be completed. The proposed listing date for the BLS E-Services IPO is Tuesday, February 6, 2024, and it will take place on the BSE and NSE.

BLS E-Services IPO Price & Lot Size

E-Services BLS The pricing range for the IPO is ₹129 to ₹135 per share. A minimum of 108 shares is required for each application lot. Retail investors must make a minimum investment of ₹14,580. 

In terms of sNII, the minimum lot size investment is 14 lots (1,512 shares), or ₹204,120, and for bNII, it is 69 lots (7,452 shares), or ₹1,006,020. Bids can be placed for multiples of 108 shares, with a minimum bid of 108. 

BLS E-Services IPO GMP

Right now, the grey market is offering shares of the digital service provider business for a premium of ₹155. The BLS E-Services IPO GMP will be disclosed after the release date. According to reports, unlisted shares of BLS E-Services Ltd are selling on the grey market for ₹142 more than the company’s issue price. 

A notable 105.19 percent listing gain forecast is shown by the grey market premium (GMP) of ₹142. The willingness of investors to pay beyond the IPO issue price is reflected in the GMP, which is susceptible to market sentiment.

BLS E-Services IPO Reservation 

The issue is being made using the book-building procedure, in which eligible institutional purchasers will receive 75% of the offer, retail investors will receive 10%, and non-institutional investors will receive 15%. 

Up to 23.03 lakh shares are reserved for subscription by shareholders of BLS International in this offering. A discount of ₹7 per share has been extended by the business to BLS International shareholders.

BLS E-Services IPO Objective 

The company plans to use the net proceeds to fund initiatives for organic growth by opening BLS stores, achieve inorganic growth through acquisitions, and fund general corporate purposes. 

It also plans to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms.The following goals are what the firm plans to finance with the Net Proceeds:

  • Unifying the current platforms and bolstering the technological infrastructure to create new capabilities. 
  • Financing plans for natural expansion through the opening of BLS Stores. 
  • Acquiring companies to achieve inorganic growth. 
  • General Organisational Purpose. 

BLS E-Services IPO Apply or Not?

The company was first known as “BLS E-Services Private Limited” as it was formed on April 12, 2016. Offering business correspondence services supported e-services and e-governance to India’s largest banks, BLS E-Services is a technology-enabled digital service provider. 

They have a strong network that provides access points for social welfare, healthcare, education, banking, agriculture, and other vital public utility services for both corporations and governments. It has a great reputation so it’s good to apply for the BLS E-Services IPO. 

How to Apply for BLS E-Services IPO? 

There are many ways to apply but this is a secure, famous, and authorized way to apply. The BLS-E Services IPO application is accessible through ASBA through your bank account. 

  • Just choose the BLS-E Services IPO in the Invest area of the online bank login and apply using your bank account. 
  • The alternative is to use IPO forms that may be downloaded from the NSE and BSE to apply for the BLS-E Services IPO. 
  • View the forms for BLS-E Services. Download, fill out, and send the blank IPO forms found by clicking on BSE Forms & NSE Forms to your bank or broker.

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