The initial public offering (IPO) of BLS-E Services will open for subscription on January 30. The issue closes on February 1. The final allotment for the IPO will be done on February 1 and the company’s shares, to be listed on both the exchanges, will make their debut at February 6.

Here are 10 things to know about BLS-E Services IPO before subscribing to the issue.

  1. What is the business overview of BLS-E Services?
    BLS E-Services, a subsidiary of BLS International, runs a web-enabled services portal to access various services provided by the government and service partners. The company claims to provide end-to-end integrated solutions to various services availed through this portal.
  2. What is the industry overview of BLS-E Services?
    Between fiscal 2018 and 2023, the volume of digital payments transactions has increased from 14.6 billion to 113.9 billion, causing its share in overall payment transactions to increase from 59% in FY18 to 99% in FY23.
  3. What is the size of BLS-E Services IPO?
    The issue is completely a fresh equity sale of 2.3 crore shares.
  4. What is the price band for BLS-E Services IPO?
    BLS E-Services has fixed a price band of Rs 129-135 per share for its IPO. Investors can bid for 108 shares in 1 lot and in multiples thereafter.
  5. What is the structure of BLS-E Services IPO?
    About 75% of the offer is reserved for qualified institutional buyers (QIBs), 10% for retail investors and 15% for non-institutional investors.
  6. How is the financial performance of BLS-E Services?
    In FY23, the company’s income increased 151% year-on-year to Rs 246 crore, while profit jumped 278% to Rs 20.33 crore. For the six months ended September 2023, total income stood at Rs 158 crore and profit was at Rs 14.68 crore.
  7. What are the objects of BLS-E Services IPO?
    The company proposes to utilise net proceeds from fresh issue for strengthening its technology infrastructure to develop new capabilities and consolidating its existing platforms, funding initiatives for organic growth by setting up of BLS stores, achieving inorganic growth through acquisitions and general corporate purposes.
  8. What is the current GMP of BLS-E Services?
    According to market analysts, the current GMP of BLS-E Services is Rs 150 in the unlisted market.
  9. Who are the book running lead managers for BLS-E Services IPO?
    Unistone Capital is acting as the sole book running lead manager to the IPO, while Kfin Technologies is the registrar.
  10. When is the share allotment and listing date of BLS-E Services IPO?
    The share allotment for the IPO will be finalised on February 2 and the listing date is fixed as February 6.
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