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