BLS E-Services Limited (Mainboard)
January 30, 2024 – February 1, 2024
| Price | ₹129 - ₹135 |
| Premium | ₹155 |
|---|---|
| Lot size | 108 |
| Allotment | Feb 3, 2024 |
| Listing | Feb 6, 2024 |
BLS E-Services Limited
G-4B-1, Extension, Mohan Co-operative
Indl. Estate Mathura Road,
South Delhi, New Delhi – 110044, India
Phone: +91-11- 45795002
Email: cs@blseservices.com
Website: https://www.blseservices.com/
Last Updated as on 01-Feb-2024 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 6218154 | 766713708 | 123.3 |
| HNIs | 3109050 | 932881212 | 300.05 |
| HNIs (10+L) | 2072700 | 632742192 | 305.27 |
| HNIs (2-10L) | 1036350 | 300139020 | 289.61 |
| Retail | 2072700 | 490510836 | 236.65 |
| Shareholders | 2303000 | 35262540 | 15.31 |
| Total | 13702904 | 2225368296 | 162.4 |
| Total Application : 3,961,160 | |||
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹22.35 | @8% ₹25.54 | @9% ₹28.73 | @10% ₹31.92 | @11% ₹35.12 | @12% ₹38.31 |
| Big HNI (10+L) Cost per lot (7 Days) |
|---|
| Assuming fix interest of ₹2000 per application Big HNI (10+L) costing for every 1 lot allotment is ₹122108 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 108 | 14580 | 19192 |
| sHNI | 14 | 1512 | 204120 | 685 |
| bHNI | 69 | 7452 | 1006020 | 1371 |
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.
BLS E-Services IPO Details
| 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 |
BLS E-Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
BLS E-Services IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.33% |
| ROCE | 30.62% |
| Debt/Equity | 0.05 |
| RoNW | 16.46% |
| P/BV | 7.2 |
Company Financials
BLS E-Services Limited Financial Information (Restated Consolidated)
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 | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 213.77 | 179.47 | 55.93 | 40.59 |
| Revenue | 158.05 | 246.29 | 98.40 | 65.23 |
| Profit | 14.68 | 20.33 | 5.38 | 3.15 |
| Net Worth | 120.37 | 106.94 | 15.07 | 9.68 |
| Borrowing | 0.00 | 0.00 | 8.76 | 11.02 |
| Amount in ₹ Crore | ||||