BLS E-Services Limited

Company Profile
Company Name BLS E-Services Limited
Open Date 30-01-2024
Close Date 01-02-2024
Exchange BSE, NSE
Lot Size 108 Shares
Issue Price ₹129 to ₹135 per share
Issue Size 23,030,000 shares
Application Amount Min. Inv. - ₹ 14,580 (108 shares) Max. Inv. – ₹ 1,89,540 (1,404 shares)
Recommendation Avoid

BLS E-Services Limited was originally incorporated in the year 2016 and has its registered office in New Delhi, India.The company is a technology-enabled digital service provider, providing (i) Business Correspondents services to major banks in India, (ii) Assisted E-services; and (iii) E-Governance Services at grassroots levels in India.The company provide access points for delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural and banking services for governments (G2C) and businesses (B2B).As of 30th November 2023, the Company had 791 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 40.59 55.93 179.47 213.77
Net Assets 9.68 15.07 106.94 120.37
Total Borrowings 11.02 8.76 - -
Total Revenue 65.23 98.40 246.29 158.05
Profit After Tax 3.15 5.38 20.33 14.68

Tentative Timeline

Opening Date 30/01/2024
Closing Date 01-02-2024
Basis of Allotment 02-02-2024
Initiation of Refunds 05-02-2024
Credit of Shares to Demat 05-02-2024
Listing Date 06-02-2024

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.
General Corporate Purposes.

Contact Information

Registered Office 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

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB 6,218,154 (27.00%)
NII 3,109,050 (13.50%)
RII 2,072,700 (9.00%
Anchor investors 9,327,096 (40.50%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 92.28 %
Share Holding Post Issue (Promoters) 68.89 %

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