BLS E-Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 15,545,250 (68%) | — | ₹20,986 Cr |
| NII (HNI) | — | 3,109,050 (14%) | — | ₹4,197 Cr |
| Retail | — | 2,072,700 (9%) | — | ₹280 Cr |
| Σ Total | — | 23,030,000 (100%) | — | ₹310,905 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | 13 | 1,404 | ₹189,540 |
| S-HNI (Min) | 14 | 1,512 | ₹204,120 |
| B-HNI (Min) | 67 | 7,236 | ₹976,860 |
Financial Statements Amount in Crore
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 158 | 246 | 98 |
| Profit After Tax | 15 | 20 | 5 |
| Net Worth | 120 | 107 | 15 |
| Total Assets | 214 | 179 | 56 |
| Total Borrowing | 0 | 0 | 9 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms; –
- Funding initiatives for organic growth by setting up of BLS Stores; –
- Achieving inorganic growth through acquisitions; and –
- General Corporate Purposes –
Company Overview
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 ₹6,448.72 lakhs, ₹9,669.82 lakhs and ₹24,306.07 lakhs, respectively.
As of June 30, 2023, the company has a total of 3,071 employees, including 2,413 contract employees.