BLS E-Services IPO Generates Tremendous Buzz with GMP Surging Over 100%

 

The BLS E-Services IPO has taken the market by storm, boasting a staggering GMP (Grey Market Premium) of ₹150, an impressive 111% increase. Investors are expressing heightened enthusiasm as the IPO promises a lucrative opportunity. With the bidding dates set from January 30th to February 1st, 2024, anticipation is building for this tech-enabled digital service provider.

Investment Details:

- Price Range: ₹129 - ₹135

- Lot Size:108 shares

- Issue Size: ₹310.91 Crores

- Minimum Investment: ₹13,932

- Bidding Dates: January 30, 2024, to February 1, 2024

Application Options:

- Regular Investors:Can apply at the price range of ₹129 - ₹135 with an option to invest up to ₹2,00,000.

- High Net Worth Individuals (HNI): Can apply between ₹2,00,000 - ₹5,00,000 within the same price range.

Company Performance:

The BLS E-Services, led by Managing Director Mr. Shikhar Aggarwal, has witnessed impressive financial growth over the last three years:

- *2023: ₹20.33 Crores

- *2022: ₹5.38 Crores

- *2021: ₹3.15 Crores

About BLS E-Services:

BLS E-Services positions itself as a technology-enabled digital service provider in India, specializing in business correspondent services, assisted e-services, and e-government services. The company plays a pivotal role in establishing access points for various public utility services, social welfare schemes, and financial, educational, and healthcare services at grassroots levels.

Business Segments:

1. Business Correspondents Services

2. Assisted E-Services

3. E-Governance Services

Revenue Streams:

The company generates revenue through registration fees, transaction-based commissions, and support service charges in the Assisted E-Services segment. BLS E-Services strategically utilizes its network of touchpoints, including PoS services, ticketing services, and assisted e-commerce services, to enhance accessibility for citizens across different regions.

BLS E-Services' merchants, categorized as BLS Touchpoints and BLS Stores, act as crucial interfaces with consumers. BLS Touchpoints offer a variety of services, while BLS Stores provide a complete suite of offerings, ensuring a hands-on experience for customers.