On January 30, 2024, the initial public offering (IPO) of BLS E-Services Limited will begin on the main market. The price range for the BLS E-Services IPO has been set by the digital services provider at ₹129 to ₹135 per share. Through its public offering, the company hopes to raise ₹310.91 crore.
BLS E-Services IPO Date
The initial public offering (IPO) of BLS E-Services, a subsidiary of BLS International, is expected to begin on January 30. The subscription window is available until February 1st. The IPO, expected to be valued at Rs 311 crore, is priced between ₹129 and ₹135 per share.
On January 29, the anchor book of the issue will be opened. Aiming to raise around ₹311 crore, the IPO includes a fresh equity offering of ₹2.3 crore. The public offer does not include an offer to sell component. For retail investors, the minimum investment required is 14,580, with a minimum lot size of 108 shares for an application.
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BLS E-Services IPO Date
₹310.91 crore BLS E-Services IPO is an offer built in book. This is a brand new offering of 2.3 crore shares. 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 of the BLS E-ServThe ices IPO is expected to be finalized. The proposed listing date for the BLS E-Services IPO is Tuesday, February 6, 2024 and will take place on the BSE and the NSE.
BLS E-Services IPO Price and Lot Size
BLS E-Services The price band for the IPO is ₹129 to ₹135 per share. A minimum of 108 actions are required for each application batch. Retail investors need to 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
Currently, the gray market is offering stocks from the digital service provider sector at a premium of ₹155. The GMP IPO of BLS E-Services will be disclosed after the publication date. According to reports, unlisted shares of BLS E-Services Ltd are selling in the gray market at a price ₹142 higher than the issue price of the company.
A notable enrollment gain forecast of 105.19 percent is indicated by gray marpremium ket (GMP) of ₹142. The willingness of investors to pay beyond the IPO issue price is reflected in the GMP, which is sensitive to market sentiment.
BLS E-Services IPO Booking
The issuance is being carried out under the bookbuilding procedure, in which eligible institutional buyers will receive 75% of the offering, retail investors will receive 10% and non-institutional investors will receive 15%.
As many as 23.03 lakh shares are reserved for subscription by BLS International shareholders under this offer. A discount of ₹7 per share has been given by the company to the shareholders of BLS International.
BLS E-Services IPO target
The Company plans to use the net proceeds to fund organic growth initiatives by opening BLS stores, achieve inorganic growth through acquisitions, and fund general corporate purposes.
It also plans to strengthen its technological infrastructure to develop new capabilities and consolidate its existing platforms. The following goals are those the company plans to fund with net proceeds:
- Unify current platforms and strengthenering the technological infrastructure to create new capabilities.
- Financing plans for natural expansion through the opening of BLS stores.
- Acquire businesses to achieve inorganic growth.
- General organizational objective.
Does the BLS E-Services IPO apply or not?
The company was first known as ‘BLS E-Services Private Limited’ when it was established on April 12, 2016. Offering business correspondence services backed by e-services and e-governance to India’s largest banks, BLS E-Services is a technology-based company. digital service provider.
They have a strong network that provides access points to social protection, healthcare, education, banking, agriculture and other vital public utility services, both for both businesses and governments. It has an excellent reputation, so it is good to apply for the BLS E-Services IPO.
How to apply for the BLS E-Services IPO?
There are many ways to apply, but this is a secure, reputable and authorized way to apply. The BLS-E Services IPO application is accessible through ASBA through your bank account.
- Simply choose BLS-E Services IPO in the Invest area of the Online Banking Login and apply using your bank account.
- The alternative is to use the IPO forms which can be downloaded from the NSE and BSE to apply for the BLS-E Services IPO.
- View forms for BLS-E services. Download, complete and send the blank IPO forms found by clicking on BSE Forms and NSE Forms to your bank or broker.
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