BLS E-Services Ltd. IPO

BLS E-Services, India's digital bridge, empowers citizens and businesses alike. As a leading portal for government and B2C services, they offer a one-stop solution for everything from passport applications to bill payments. Their network of CSC centers brings essential services closer to doorsteps, simplifying life for rural and urban communities. BLS champions financial inclusion, enabling money transfers and banking access through Aadhaar. With a focus on innovation and security, they pave the way for a brighter, more convenient digital future for all.

RHP
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DRHP
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Open Date

2024-01-30

Close Date

2024-02-01

Company Financials

You can get the following financial statements of BLS E-Services Ltd. as of now.

The details about the BLS E-Services Limited IPO is as:

  • The issue size of the BLS E-Services Limited IPO is 310.91 Cr.
  • The price band for BLS E-Services Limited IPO is Rs 129 to Rs 135.
  • The shares of BLS E-Services Limited IPO will list on 6th February 2024. 
  • The latest tentative GMP of BLS E-Services Limited IPO is Rs 175.
  • The shares of BLS E-Services Limited IPO is subscribed 162.38 Times as of 1st February 2024.

 

BLS E-Services Limited IPO Valuation

The approx valuation of BLS E-Services Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 135
Existing Shares (Qty) 6.78 Cr
Fresh Issue 310.91 Cr
Market Cap 1226.21 Cr
EPS (FY23) Rs 3.02
PE Ratio 44.70x
Industry PE 56.27x

 

BLS E-Services Limited IPO Issue Size

BLS E-Services Limited IPO issue size is 310.91 Cr

Issue Amount
Fresh Issue 310.91 Cr
Offer For Sale 0 Cr

 

BLS E-Services Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 108 shares and a maximum of 13 lots of 1404 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 108 Rs 14,580
 Maximum 13 1404 Rs 1,89,540

 

BLS E-Services Limited IPO share offer

The shares of BLS E-Services Limited IPO is subscribed 162.38 Times as of 1st February 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 123.30 Times
Non-Institutional Minimum 15% 300.05 Times
Retail Individual Minimum 35% 236.53 Times
Others 23,03,000 Shares 15.30 Times
Total   162.38 Times

Find below the dates for BLS E-Services Limited IPO:

Schedule Date
Basis of Allotment 2 February 2024
Refunds 5 February 2024
Credit to Demat Account 5 February 2024
IPO Listing Date 6 February 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1.7 10.31 20.53 39.67
Total Expenditure 1.89 18.88 10.85 29.04
Operating Profit -0.19 -8.56 9.68 10.63
Other Income 2.06 0.11 0.11 3.44
Interest 0.99 0.71 5.56 3.33
Depreciation 0.02 0.01 0.02 0.21
Exceptional Items 0 0 -2.6 0
Profit Before Tax 0.86 -9.18 1.62 10.52
Provision for Tax 0 -2.66 0.59 3.27
Net Profit 0.86 -6.53 1.03 7.25
Adjusted EPS (Rs.) 0.03 -0.22 0.02 0.08

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.01 0.01 66.73 90.86
Total Reserves 14.12 7.6 25.54 301.52
Borrowings 11.02 7.26 34.92 31.24
Other N/C liabilities -0.02 -2.68 2.94 0.52
Current liabilities 7.08 4.85 7.17 17.45
Total Liabilities 32.2 17.04 137.3 441.58
Assets
Net Block 0.05 0.04 0.08 0.7
Capital WIP 0 0 0 0
Intangible WIP 0 0 0 0
Investments 12.51 12.51 130.89 130.89
Loans & Advances 0.01 0.51 1.14 3.09
Other N/C Assets 0 0 0 90.98
Current Assets 19.63 3.99 5.19 215.93
Total Assets 32.2 17.04 137.3 441.58
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.06 3.37 5.51 5.5
Profit Before Tax 0.93 8.01 8.83 11.4
Tax 0.22 1.97 2.24 2.86
Profit After Tax 0.7 6.04 6.59 8.54
Adjusted EPS (Rs) 0.11 0.66 0.73 0.94

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 68.89 0
Jun 2024 68.89 0
Mar 2024 68.89 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 0.86 -9.18 1.62 10.52
Adjustment 1 0.61 5.46 0.04
Changes in Assets & Liabilities 0.09 17.53 5.73 -5
Tax Paid -0.08 -0.06 -0.65 -1.59
Operating Cash Flow 1.86 8.9 12.16 3.97
Investing Cash Flow -0.15 -0.03 -118.43 -287.2
Financing Cash Flow -1.41 -8.64 106.87 288.26
Net Cash Flow 0.29 0.23 0.6 5.03
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