India:
BLS E-SERVICES LIMITED Company profile:
- BLS E-SERVICES LIMITED is a digital service provider empowered by technology, offering (i) Business Correspondents, (ii) Assisted E-services, and (iii) E-Governance Services at the grassroots level in India.
- Merchants play a crucial role as key stakeholders in each of BLS E-SERVICES LIMITED business segments, facilitating the delivery of products and services to the citizens.
- Serve as Business Correspondents, acting on behalf of major banks in India, to deliver banking products and services.
- BLS E-SERVICES LIMITED offer assisted e-services through retailers and digital stores.
- Additionally, BLS E-SERVICES LIMITED facilitate the delivery of various e-governance initiatives of the State Governments in India by offering a range of citizen-centric services enabled by information communication technology.
BLS E-SERVICES LIMITED IPO INFORMATION:
- Issue date: 30 Jan 2024 – 01 Feb 2024
- Price range: Rs. 129/- to Rs. 135/-
- Issue size: ₹310.9 Crores
- Face value : Rs.10
- Bid lot (retail) : ₹13,932 (1lot)
- Fresh issue :₹310.9 Crores
- OFS : None
- Allotment date : 02 Feb 2024
- Listing date : 06 Feb 2024
- Promoter holding : 92.28 %( Pre – IPO )
- Name of registrar :KFin Technologies Limited
- IPO reservation : 10 % (Retail)
GMP : ₹150
OBJECTS OF THE ISSUE :
-  enhancing technology infrastructure to develop new capabilities and streamline our existing platforms (₹97.58 Crores)
- Securing funding initiatives for organic growth through the establishment of BLS Stores( ₹74.78 Crores )
- Attaining inorganic growth through acquisitions ( ₹28.71 Crores )
- General Corporate Purpose