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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the BLS E-Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹135
Per ShareLot Size
108 Shares
Minimum Investment
₹14,580
Issue Size
₹310.91 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90.25%
Issue Type
Book Building
ISIN
INE0NLT01028
BLS E-Services Limited is a technology enabled digital service provider, providing (i) Business Correspondents, (ii) Assisted Eservices; and (iii) E-Governance Services at grass root levels in India. A key stakeholder in each of its business segments are merchants, for delivery of its products and services to the citizens. The Company acts as Business Correspondents to provide banking products and services on behalf of major banks in India. Further, the company provides assisted e-services through retailers and digital stores. The Company also facilitates delivery of various e-governance initiatives of the State Governments in India by providing various information communication technology enabled citizen centric services.
In India, technology has significantly improved the accessibility and affordability of financial services that were previously inaccessible to the unbanked or underbanked masses. Business Correspondents is one of the initiatives to increase financial inclusion and provide banking services to financially excluded people in all parts of the country, especially in the rural areas. Total digital payments in India have witnessed significant growth over the past few years. 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 Fiscal 2018 to 99% in Fiscal 2023.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 2,30,30,000^ equity shares of face value of Rs. 10 each ("Equity Shares") of BLS E-Services Limited ("Company" or "Issuer") for cash at a price of Rs. 135.00 per equity share (including a share premium of Rs. 125.00 per equity share) ("Issue Price") aggregating to Rs. 309.29 crores^ ("Issue"). The issue shall constitute 25.35 % of the post-issue paid up equity share capital of the company. The company has undertaken a pre-ipo placement by way of private placement of 11,00,000 equity shares for cash at a price of Rs. 125 per equity share for an aggregating to Rs. 13.75 crores, in consultation with the brlm, pursuant to the resolution of the board dated January 4, 2024. The size of the fresh issue of 2,41,30,000 equity shares has been reduced by 11,00,000 equity shares pursuant to the pre-ipo placement, and accordingly, the fresh issue size is 2,30,30,000 equity shares. The issue includes a reservation of 23,03,000^ equity shares aggregating to Rs. 29.48 crores^, for subscription by bls international shareholders (the "BLS International Shareholders Reservation Portion"). The company in consultation with the brlm, offered a discount of 5.19 % of the issue price to BLS International shareholders bidding in the shareholder reservation portion ("Shareholder Discount"), in accordance with the sebi icdr regulations. The issue less the bls international shareholders reservation portion is hereinafter referred to as the "Net Issue", aggregating to 2,07,27,000 equity shares. The face value of the equity share is Rs. 10 each. The issue price is 13.50 times the face value of the equity shares. ^Subject to finalisation of basis of allotment. **The company in consultation with the brlm, have offered a discount of Rs. 7 per equity share to bls international shareholders bidding in the BLS International shareholders reservation portion.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
BLS E-Services Limited was incorporated in New Delhi, as `BLS E-Services Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated April 12, 2016, issued by the Deputy Registrar of Companies, Central Registration Centre. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed at the meeting of the Board of Directors held on December 23, 2022 and in the extraordinary general meeting of its Shareholders held on December 29, 2022 , and consequently, the name of the Company was changed to `BLS E-Services Limited', and a fresh certificate of incorporation dated April 10, 2023, was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana ("RoC") to the Company.
Major Banks in India and State Governments in India
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.