Issue Price
₹135
Per Share
GMP
NIL
Grey Market
Est. Listing
₹135
Expected Price
Min. Application
₹29,160
2 lots × 108 shares
Incorporated in April 2016, BLS-E Services Limited is a digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services, and E-Governance Services at the grassroots level in India.The company's service offerings can be categorized into three parts (i) Business Correspondents Services; (ii) Assisted E-services; and (iii) E-Governance Services.The company being a subsidiary of BLS International Services Limited provides visa, passport, consular, and other citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America, and the Middle East through its technology-enabled platform. It is the only listed company engaged in this domain in India.By 31st March 2023, the merchant network had grown to 92,427 in order to serve the underserved and unserved populations in hard-to-reach areas.The revenue from operations in Fiscal years 2021, 2022 and 2023 were ₹6,448.72 lakhs, ₹9,669.82 lakhs and ₹24,306.07 lakhs, respectively.As of June 30, 2023, the company has a total of 3,071 employees, including 2,413 contract employees.
BLS E-Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 23,030,000 | 100.00% | ₹310.91 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | 13 | 1,404 | ₹189,540 |
| sNII (Min) | 14 | 1,512 | ₹204,120 |
| bNII (Min) | 69 | 7,452 | ₹1,006,020 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 158.05 | 246.29 | 98.40 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 14.68 | 20.33 | 5.38 |
| Net Worth | 120.37 | 106.94 | 15.07 |
| Total Assets | 213.77 | 179.47 | 55.93 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | 0.00 | 0.00 | 8.76 |