BLS E-Services Ltd IPO

About Company

BLS E-Services Limited operates as a technology-driven digital service provider, facilitating business correspondence services for major banks in India, offering assisted e-services, and providing e-governance services at grassroots levels.

The company's extensive network serves as access points for delivering essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services to governments (G2C) and businesses (B2B). Additionally, a range of B2C services is extended to citizens across urban, semi-urban, rural, and remote areas.

Merchants affiliated with BLS E-Services Limited fall into two categories: BLS Touchpoints and BLS Stores. All registered merchants, referred to as BLS Touchpoints, have access to multiple services provided by the company. BLS Stores, on the other hand, are branded establishments offering the entire suite of offerings, including select goods available for sampling. These goods, supplied by e-commerce players, can be ordered by consumers after experiencing them firsthand in the stores.

The company acts as a business correspondent, providing banking services through subsidiaries ZMPL and Starfin. The company also offers Assisted E-Services through BLS Touchpoints, earning revenue from various service charges. They facilitate e-governance Services, partnering with state governments for citizen-centric services through BLS Touchpoints. This includes services like certificates and registrations. An MOU with the National e-Governance Division enhances access to UMANG services on its digital platform.

As of September 30, 2023, BLS E-Services Limited boasts a network of 98,034 BLS Touchpoints, which includes 1,016 BLS Stores. This extensive presence ensures the delivery of digital and physical products and services in G2C, B2C, and B2B categories in areas where internet penetration is limited and citizens require assistance in accessing basic technology-enabled services.

BLS E-Services Limited IPO Details

BLS E-Services Limited IPO Date

The IPO of BLS E-Services Limited is open for subscription from January 30, 2024 to February 1, 2024.

BLS E-Services Limited IPO's Price Band

BLS E-Services Limited’s IPO is a fresh issue IPO of up to ₹310.91 crore. It is a book-building issue. The price range is set to ₹129 to ₹135 per share.

BLS E-Services Limited IPO’s Lot Size

The lot size for BLS E-Services Limited’s IPO is 108 shares with a minimum investment of ₹14,580.

BLS E-Services Limited IPO’s Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Strengthening our technology infrastructure to develop new capabilities and consolidating our existing platforms;
2. Funding initiatives for organic growth by setting up BLS Stores;
3. Achieving inorganic growth through acquisitions and
4. General Corporate Purposes

How To Check the Allotment Status of BLS E-Services Limited’s IPO?

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• Log in to the Angel One app
• Go to the IPO Section and then to IPO Orders
• Select the individual IPO that you had applied for and check the allotment status.
• As such, Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of BLS E-Services Limited

Registered office: G-4B-1, Extension, Mohan Co-operative Indl. Estate Mathura Road, South Delhi, New Delhi –110044, India.

Phone: +91-11-45795002 

E-mail: www.blseservices.com