return to news
  1. Five things to know about BLS E-Services IPO

Market News

Five things to know about BLS E-Services IPO


2 min read | Updated on January 29, 2024, 18:27 IST

Twitter Page
Linkedin Page
Whatsapp Page


The IPO of digital service provider, BLS E-Services Limited will be open for subscription between 30 January to 1 February 2024. Here are the key things to know before you apply for this IPO.


BLS E-service IPO opens for subscription on 30 January

  • Incorporated in 2016, BLS E-Services Limited provides services such as business correspondence, assisted e-services and e-governance services, including banking services on behalf of banks to people in urban, semi-urban, rural and remote areas.

  • The company offers these services through merchants, organised under two categories: BLS touchpoints and BLS stores. It generates revenue from monthly commissions, transaction-based commissions and registration fees.

  • In the fiscal year 2023, the revenue from operations rose 151% to ₹243.06 crore compared to ₹96.69 crore in FY22. Net profit surged over 278% YoY to ₹20.22 crore in the same period. Between FY21 and FY23, it saw a CAGR rise of 55% in its revenue from operations and 86% in its profit. Moreover, e-retail is expected to grow at a CAGR of 22%-25% between FY23 and FY25, which could benefit the company.

  • BLS E-Services plans to raise ₹310.91 crore through the IPO. The public offer is entirely a fresh issue of 2.3 crore shares. The price band for the issue has been fixed at ₹129-135 per share. Lot size for this IPO is 108 equity shares; investors can bid in multiples of 108.

  • Net proceeds from this IPO issue will be utilised to strengthen its technology infrastructure, fund initiatives for organic growth, and achieve inorganic growth through acquisitions and for general corporate purposes.

  • To know more and pre-apply for this IPO, click here

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story