by Sandip Das on 30 January 2024, 5 min read
BLS E-Services opened its initial public offer (IPO) for subscription on January 30, 2024. The company has set the price band for each equity share of face value of Rs 10 in the range of Rs 129 to Rs 135. The subscription period will close on February 1, 2024. The IPO lot size is 108 equity shares, and investors can subscribe in multiples of 108 equity shares thereafter. The subsidiary of the listed business, BLS International Services, is issuing 2,30,30,000 crore fresh equity shares as part of the IPO. Notably, there is no offer-for-sale component in the BLS E-Services IPO.
BLS-E Services, a digital service provider, delivers Assisted E-Services, E-Governance Services at the grassroots level in India, and provides Business Correspondence services to major banks in the country. The company focuses on three key areas: business correspondent services, assisted e-services, and e-government services.
The company has set the price band for each equity share of face value of Rs 10 in the range of Rs 129 to Rs 135.
The IPO lot size is 108 equity shares, and investors can subscribe in multiples of 108 equity shares thereafter.
Particulars |
March 31, 2023 (Rs in lakhs)
|
March 31, 2022 (Rs in lakhs)
|
Total Income |
24,629.27
|
9,839.56
|
Profit after Tax |
2,033.18
|
537.96
|
The company plans to utilize the net proceeds for several purposes, including financing the establishment of BLS Stores to foster organic growth, acquiring businesses to achieve inorganic growth, addressing general corporate needs, and reinforcing the technology infrastructure to develop new capabilities and consolidate existing platforms.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions. Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Open Free Demat Account!
In just a few minutes, Simply provide some basic personal details, to get started.