About the BLS E-Services IPO
BLS E-Services Ltd is set to launch an Initial Public Offering (IPO) with a face value of ₹10 per share. The IPO will follow a book-building process, and the price range for the shares has been set at ₹129 to ₹135 per share. The final IPO price will be determined within this specified band.
Notably, the IPO will consist only of a fresh issue of shares, with no Offer for Sale (OFS) component. The fresh issue portion will involve the issuance of 2,30,30,000 shares (230.30 lakh shares). At the upper price band of ₹135 per share, the fresh issue size is expected to be ₹310.91 crore.
As there is no OFS component, the fresh issue size will also serve as the overall issue size. Therefore, the entire BLS E-Services IPO will encompass the issuance of 2,30,30,000 shares (230.30 lakh shares), and at the upper price band of ₹135 per share, the overall issue size is projected to be ₹310.91 crore.
Post-IPO, the promoter stake gets diluted from 93.80% to 69.73%. The IPO will be lead managed by Unistone Capital Private Ltd, while KFIN Technologies Ltd will be the registrar to the IPO.
BLS E-Services IPO Timeline
BLS E-Services IPO opens on January 30, 2024, and closes on February 1, 2024.
| IPO Open Date | Tuesday, January 30, 2024 | |||
| IPO Close Date | Thursday, February 1, 2024 | |||
| Basis of Allotment | Friday, February 2, 2024 | |||
| Initiation of Refunds | Monday, February 5, 2024 | |||
| Credit of Shares to Demat | Monday, February 5, 2024 | |||
| Listing Date | Tuesday, February 6, 2024 | |||
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
BLS E-Services IPO Lot Size
Investors can bid for a minimum of 108 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 108 | ₹14,580 |
| Retail (Max) | 13 | 1404 | ₹189,540 |
| S-HNI (Min) | 14 | 1,512 | ₹204,120 |
| S-HNI (Max) | 68 | 7,344 | ₹991,440 |
| B-HNI (Min) | 69 | 7,452 | ₹1,006,020 |
What is BLS E-Services IPO GMP?
The GMP of BLS E-Services IPO is ₹158.
What is BLS-E Services IPO Expected Returns?
The expected returns of BLS E-Services IPO is 117%.
BLS E-Services IPO GMP
| Date | GMP | Returns |
|---|---|---|
| 30-Jan-24 | ₹158 | 117.41% |
| 29-Jan-24 | ₹145 | 107.41% |
| 28-Jan-24 | ₹145 | 107.41% |
| 27-Jan-24 | ₹160 | 118.52% |
| 26-Jan-24 | ₹152 | 112.59% |
| 25-Jan-24 | ₹110 | 81.48% |
Disclaimer:
- IPO Grey Market Premium (BLS-E Services IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.
Disclaimer: This blog is for educational purposes only and is not a buy/sell recommendation. The content should not substitute professional financial advice. Readers are urged to conduct thorough research or consult a financial advisor before making any investment decisions.
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