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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹309.29 Cr |
| Fresh Issue | ₹309.29 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹129.00-135.00 per share |
| Discount | Retail: 0.00,ShareHolder: 7.00 |
| BSE Code | 544107 |
| NSE Code | BLSE |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Unistone Capital Pvt.Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 108 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | |
|---|---|
| ROE | 33.33% |
| ROCE | 30.62% |
| Debt / Equity | 0.05% |
| RoNW | 16.46% |
| PAT Margin | 8.36% |
| Price to Book Value | 7.20 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.05 | 2.24 |
| P/E (x) | 44.31 | 60.33 |
| Promoter Holding | 93.80% | 68.90% |
| Market Cap | ₹1226.56 Cr. | |
