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Open
30 Jan to 1 Feb, 2024
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Close
30 Jan to 1 Feb, 2024
3
Allotment
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Listing
Tue, Feb 6, 2024
Price Band
₹129 to ₹135
Issue Size
2,30,30,000 shares (agg. up to ₹309 Cr)
Lot Size
108 Shares
Listing Date
Tue, Feb 6, 2024
Latest GMP
₹155
Est. Gain
114.81%
✦ AI Insight
GMP Trend
06-02-2024₹155Est. ₹290+114.81%
05-02-2024₹155Est. ₹290+114.81%
04-02-2024₹159Est. ₹294+117.78%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 94.98x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 213.77 | 179.47 | 55.93 | 40.59 |
| Total Income | 158.05 | 246.29 | 98.40 | 65.23 |
| Profit After Tax | 14.68 | 20.33 | 5.38 | 3.15 |
| NET Worth | 120.37 | 106.94 | 15.07 | 9.68 |
| Total Borrowing | 0.00 | 0.00 | 8.76 | 11.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tata Technologies Ltd. | Mainboard | ₹3,042.51 Cr | ₹500 | 32.53 | ₹1,313.00 | +162.60% | ₹765.55 (+0.83%) |
| Protean eGov Technologies Ltd. | Mainboard | ₹489.95 Cr | ₹792 | 29.91 | ₹883.00 | +11.49% | ₹588.95 (-0.30%) |
| Zaggle Prepaid Ocean Services Ltd. | Mainboard | ₹563.38 Cr | ₹164 | 66.67 | ₹158.35 | -3.45% | ₹210.53 (-0.59%) |
| Netweb Technologies India Ltd. | Mainboard | ₹631.00 Cr | ₹500 | 59.67 | ₹910.40 | +82.08% | ₹4,304.20 (-1.61%) |
| Euphoria Infotech (India) Ltd. | SME | ₹9.60 Cr | ₹100 | 14.97 | ₹181.51 | +81.51% | ₹27.40 (+0.74%) |
| Benchmark Computer Solutions Ltd. | SME | ₹12.24 Cr | ₹66 | 16.3 | ₹77.12 | +16.85% | ₹44.60 (-4.99%) |
| ROX Hi-Tech Ltd. | SME | ₹54.49 Cr | ₹83 | 9.11 | ₹141.75 | +70.78% | ₹36.00 (+4.96%) |
| Synoptics Technologies Ltd. | SME | ₹54.04 Cr | ₹237 | 25.32 | ₹226.10 | -4.60% | ₹72.20 (-5.00%) |
| Veefin Solutions Ltd. | SME | ₹46.73 Cr | ₹82 | 41.41 | ₹90.22 | +10.02% | ₹310.25 (-0.29%) |
| Sahana System Ltd. | SME | ₹32.74 Cr | ₹135 | 16.88 | ₹171.15 | +26.78% | ₹924.45 (+0.05%) |
| Sancode Technologies Ltd. | SME | ₹5.15 Cr | ₹47 | 10.71 | ₹60.80 | +29.36% | ₹376.35 (+1.99%) |
| Vertexplus Technologies Ltd. | SME | ₹14.20 Cr | ₹96 | 28.83 | ₹106.05 | +10.47% | ₹48.30 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms | 97.59 |
| 2 | Funding initiatives for organic growth by setting up of BLS Stores | 74.78 |
| 3 | Achieving inorganic growth through acquisitions | 28.71 |
| 4 | General Corporate Purpose | 76.66 |
| Total | 277.75 |
About BLS E-Services IPO
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.+ Read More
Contact Details
BLS E-Services Ltd. AddressG-4B-1, Extension, Mohan Co-operativeIndl.Estate Mathura RoadNew Delhi, New Delhi, 110044+91-11- 45795002cs@blseservices.comVisit Website