BLS E-Services IPO to Open for Subscription on January 30th 2024

🚀 BLS E-Services IPO to Open for Subscription on 30th January 🚀

📈 Price Band Set for the IPO: Investors can purchase shares in the price range of ₹129-135 in the IPO, which amounts to a total investment of ₹310.9 crores.

🔓 Anchor Investors can Subscribe on 29th January: The IPO for BLS E-Services will open for anchor investors on 29th January. Other investors can invest in the IPO until 1st February.

📝 Only New Shares will be Issued: The IPO will only issue new shares, and shares of BLS E-Services will be listed on BSE and NSE.

🎟️ Lot Size and Employee Discount: The lot size for BLS E-Services IPO is 108 shares. Employees will receive a discount of ₹7 per share.

💰 Allocation of Shares: 75% of the IPO shares are reserved for Qualified Institutional Buyers (QIBs), 15% for non-institutional investors, and 10% for retail investors.

🗓️ Allotment Decision on 2nd February: The allocation of shares will be decided on 2nd February after the success of the IPO. The listing of shares is scheduled for 6th February.

💸 Total Value of Shares Offered: Under the IPO, new shares worth ₹230.3 crores will be issued. The company had previously issued 11 lakh shares at a price of ₹125 through pre-IPO placement.

🏢 Utilization of IPO Funds: The funds raised through the IPO will be used for BLS Stores’ technology infrastructure, installation, acquisitions, and general corporate purposes.

ℹ️ About BLS E-Services: BLS E-Services offers various e-services, including Ayushman Bharat cards, IRCTC train tickets, passport and visa applications, travel tickets, PAN cards, Nepal money transfer, insurance, and assistance for Flipkart e-commerce.

💰 Financial Performance: In the financial year 2021, BLS E-Services recorded a net profit of ₹3.15 crores. In FY22, the profit increased to ₹5.38 crores, and in FY23, it reached ₹20.33 crores. During this period, the company’s revenue also increased from ₹65.23 crores to ₹246.29 crores.

Exciting News! BLS E-Services IPO to Open for Subscription on 30th January! Get ready to invest in this promising opportunity and explore the world of digital services with BLS E-Services. Don’t miss out on this chance to be a part of their growth story. Subscribe now! 💼📈💸🎉

Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.