BLS E-Services IPO GMP: BLS E-Services Limited IPO Today GMP Price

BLS E-Services Limited is set to launch its Initial Public Offering (IPO) on both the NSE and BSE exchanges. The IPO is entirely composed of fresh issues with a total issue size of Rs 310.91 Cr. The subscription window is open from January 30 to February 1, 2024, with a face value of Rs 10 per share. Interested investors can apply by purchasing at least one lot of 108 shares, or in multiples thereof, at a price band of Rs 129 to Rs 135 per share.

BLS E-Services IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for BLS E-Services IPO as of the latest update stands at ₹155. This GMP is a significant factor for investors as it provides an insight into the expected listing price. With the IPO price at Rs 135.00, the estimated listing price is Rs 290. This indicates a potential gain of 114.81% per share.

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Also See: IPO GMP Today Price: All IPO GMP Today

BLS E-Services IPO GMP Trend

Here is the GMP data for BLS E-Services IPO: [ Last Updated: 06 Feb, 2024; 08:20]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
06-02-2024135.00₹155 12700/177800₹290 (114.81%)
05-02-2024135.00₹155 12700/177800₹290 (114.81%)
04-02-2024135.00₹159 13100/183400₹294 (117.78%)
03-02-2024135.00₹159 13100/183400₹294 (117.78%)
02-02-2024135.00₹17514400/201600₹310 (129.63%)
01-02-2024135.00₹17514400/201600₹310 (129.63%)
31-01-2024135.00₹16113200/184800₹296 (119.26%)
30-01-2024135.00₹16113200/184800₹296 (119.26%)
29-01-2024135.00₹15813000/182000₹293 (117.04%)
28-01-2024135.00₹14511900/166600₹280 (107.41%)
27-01-2024135.00₹16013100/183400₹295 (118.52%)
26-01-2024135.00₹14712100/169400₹282 (108.89%)
25-01-2024135.00₹14211700/163800₹277 (105.19%)
24-01-2024135.00₹1109000/126000₹245 (81.48%)
23-01-2024₹60₹60 (%)

Latest IPO GMP

To stay updated on the latest GMP status of all upcoming and closed IPOs, investors can check the live GMP status on platforms like Stockesta.com. These platforms regularly update IPO GMP performance, allowing investors to track and compare GMP and its corresponding listing price.

Also Read: Upcoming IPO in India

IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) serves as an unofficial indicator of the IPO’s likely performance on the listing day. A positive GMP suggests potential profitability, while a negative GMP may indicate a discount. It’s crucial to note that GMP is subject to extreme volatility, making investment decisions based solely on it risky. Investors should consider various factors before deciding whether to invest in the BLS E-Services IPO.

About BLS E-Services Limited

Established in 2016, BLS E-Services Limited is a leading technology-enabled digital services provider offering a range of services including business correspondent services to major banks, assisted e-services, and e-governance services. Their network facilitates the delivery of critical public utilities, social services, healthcare, financial, education, agriculture, and banking services to governments, businesses, and citizens across diverse geographical areas.

A key aspect of their business is partnering with merchants to provide products and services to citizens, acting as business correspondents for banks. Subsidiaries ZMPL and Starfin extend services such as opening savings accounts, recurring deposit accounts, cash transactions, remittances, and bill collection.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

BLS E-Services IPO Strengths

  1. Asset Light Business Model: The company operates with an asset-light business model.
  2. Social and Financial Inclusion: BLS E-Services actively contributes to social and financial inclusion in India.
  3. Diverse Revenue Sources: The business model includes multiple cross-selling and up-selling opportunities, a network effect, and a wide reach for customer acquisition.
  4. Cost-Effective Operations: The company benefits from a business model with negligible customer acquisition and retention costs.
  5. Successful Track Record: BLS E-Services boasts a successful track record of acquisitions.
  6. Experienced Management: The company has experienced senior management, skilled employees, and strong parentage from BLS International Services Limited.

BLS E-Services IPO Objectives

The net proceeds from the IPO are intended for:

  1. Strengthening Technology Infrastructure: Developing new capabilities and consolidating existing platforms.
  2. Funding Organic Growth: Setting up BLS Stores to support organic growth initiatives.
  3. Inorganic Growth through Acquisitions: Utilizing funds for achieving inorganic growth through strategic acquisitions.
  4. General Corporate Purposes: Meeting general corporate purposes to support day-to-day operations.

Also Read: BLS E-Services Raises Rs 13.75 Crore in Pre-IPO Placement, Adjusts Fresh Issue Size

BLS E-Services IPO Dates

The IPO activity schedule is as follows:

  • IPO Open Date: 30-01-2024
  • IPO Close Date: 01-02-2024
  • Basis of Allotment Finalization Date: 02-02-2024
  • Refunds Initiation Date: 05-02-2024
  • Credit of Shares to Demat Account Date: 05-02-2024
  • IPO Listing Date: 06-02-2024
BLS E Services IPO

In conclusion, the BLS E-Services IPO presents an opportunity for investors to participate in a company with a robust digital services portfolio and a focus on financial inclusion. However, as with any investment, it’s crucial for investors to conduct thorough research, consider various factors, and assess risk before making investment decisions.

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