Breaking News: BLS E-Services IPO Date, Price, GMP, Review, Details

BLS E-services are limited IPO: BLS E-Services IPO date has been announced, and their subscription is set for Tuesday, January 30, with a closing date of Thursday, February 1. On Monday, January 29, the allocation to anchor investors for the BLS E-Services IPO will occur. The company has previously raised INR 13.75 crore in a pre-IPO placement of 11 lakh equity shares at INR 125 each.

The total issue size consists of a fresh issue of up to 2,30,30,000 equity shares. The size of the new issue has decreased as a result of this pre-IPO placement. With a face value of ₹10, the IPO price band for BLS E-Services Limited has been set between ₹129 and ₹135 per equity share. Multiples of 108 equity shares come after the 108 equity shares in the BLS E-Services IPO lot size.

About BLS-E Services Limited

BLS E-Services Limited is a digital service provider offering business correspondence services to major banks in India, assisted E-Services, and e-governance services at the grassroots level in India. The company has three categories of services: business correspondent services, assisted E-Services, and E-Governance services.
It is a subsidiary of BLS International Services Limited and provides visa, passport, consular, and other citizen services to governments across Asia, Africa, Europe, South America, North America, and the Middle East through its technology-enabled platform.

BLS E-Services IPO

The IPO’s Goals for BLS E-Services Were:

  • To pay for opening BLS stores to support organic expansion.
  • To create new capabilities, finance technology infrastructure, and combine interesting platforms.
  • Invest in inorganic growth.
  • General objectives of the company.

BLS E-Services IPO Price

The Rs 310.91 crore BLS E-Services IPO is a book-built offering. This is a completely new 2.3 crore share offering. The BLS E-Services IPO price ranges from ₹129 to ₹135 per share. A minimum of 108 shares are needed for an application lot size. Retail investors need to invest a minimum of ₹14,580. For both sNII and bNII, the minimum lot size investment is 69 lots (7,452 shares), or ₹1,006,020, and 14 lots (1,512 shares), or ₹204,120.

BLS E-Services IPO Review

Technology allows BLS E-Services, a digital service provider with a single point of contact, to provide almost all pertinent services under one roof. In light of the government’s “Digital India” initiative, this company has extremely promising prospects. Even though the issue seems fully priced based on annualized FY24 earnings, it has promising prospects because significant infrastructure is in place. Investors might put money aside for medium- to long-term gains, “Chittorgarh contributing editor Dilip Davda said.

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Check out BLS E-Services IPO GMP, aka IPO Grey Market Premium rates, as of today. BLS E-Services IPO GMP today is Rs 100. Stay tuned at AskUpdates. for the latest IPO GMP numbers for the BLS-E Services IPO.

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