BLS E-Services Limited IPO opens on January 30. Check IPO Details Issue Date Price


BLS E-Services Limited IPO opens on January 30. Check IPO Details Issue Date Price

January 29, 2024
BLS E-Services Limited IPO opens on January 30. Check IPO Details Issue Date Price

BLS E-Services Limited is coming out with a public issue to raise Rs 309.29 crores from the market.

Below are the details of the BLS E-Services Limited IPO:

  • Issue opens – January 30 (Tuesday)
  • Issue closes – February 01 (Thursday)
  • Issue size – Rs 309.29 crores
  • Price band – Rs 129 to 135 per equity share
  • Bid lot – 108 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • BLS E-services Limited are a technology enabled digital service provider, providing (i) Business Correspondents services to major banks in India, (ii) Assisted E-services; and (iii) E-Governance Services at grass root levels in India. Through their robust network they provide access points for delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural and banking services for governments (G2C) and businesses (B2B) alike in addition to a host of B2C services to citizens in urban, semi-urban, rural and remote areas. Their merchants act as their interface with the consumers and play a critical role in delivery of goods and services on the ground. Presently, their merchants are organised in two categories i.e. BLS Touchpoints and BLS Stores.
  • They organize their business along three primary business segments:
  1. Business Correspondents Services;
  2. Assisted E-services; and
  3. E-Governance Services.

    A key stakeholder in each of their business segments are merchants, with whom they collaborate for delivery of their products and services to the citizens.

  • They act as business correspondents (“Business Correspondents”) to provide banking products and services on behalf of banks to people while performing a variety of services including opening savings, recurring deposit accounts, cash deposits, withdrawals, remittance, transfer, bill collection services, through their Subsidiaries, namely ZMPL and Starfin. Further, they also provides a variety of Assisted E-Services through retailers and digital stores also known as BLS Touchpoints, including PoS services, ticketing services, assisted e-commerce services, etc.
  • Additionally, they facilitate delivery of various e-governance initiatives of the State Governments in India by providing various information communication technology (“ICT”) enabled citizen centric services (“E-Governance Services”) through their merchants also known as BLS Touchpoints to the citizens.

Issue Size: Rs. 309.29 crores

BLS International Shareholder Reservation Portion: Up to 23,03,000 Equity Shares

Shareholder Discount: Rs.7/- per share

Issue break-up:

QIB – 75% of the net offer – Rs 209.86 crores

NIB – 15% of the net offer – Rs 41.97 crores

RET – 10% of the net offer – Rs 27.98 crores

Listing: BSE and NSE

Registrar: KFin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Thursday, February 01, 2024

Not an Espresso customer, but still want to apply for the IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

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