BLS E-Services IPO opens for subscription - Check price band, allotment and listing dates, other details

BLS E-Services IPO Subscription Dates: The initial public offering (IPO) of BLS E-Services Limited has hit the primary market and is now open for subscription. Ahead of that, the company has mobilised Rs 126 crore from anchor investors. The offer is entirely a fresh issue of 2.3 crore equity shares. Here are some of the important details about the IPO that investors must know.

BLS E-Services IPO Price Band

The company has allotted 93.27 lakh equity shares to 10 funds at a price of Rs 135 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE website. The BLS E-Services IPO price band at Rs 129 to Rs 135 per equity share. At the upper end of the price band, the IPO will mobilise Rs 311 crore.

BLS E-Services IPO Subscription Dates

The issue, with a price band of Rs 129-135 per share, will open for public subscription on January 30 and conclude on February 1. 

BLS E-Services IPO Anchor Investors

Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Aidos India Fund are among the anchor investors that have been allotted shares.

BLS E-Services IPO Lot Size

A bidder will be able to apply in lots and one lot of the book build issue will comprise 108 company shares.

BLS E-Services IPO Allotment Date

According to the information available, the share allocation is likely to be finalized on February 2, 2024 i.e. on Friday next week.

BLS E-Services IPO Listing Date

The public issue is expected to hit the secondary market on February 6, 2024.

The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others.

The money will also be used to fund initiatives for organic growth by setting up of BLS Stores, achieve inorganic growth through acquisitions and for general corporate purposes. The shares of BLS E-Services are proposed for listing on BSE and NSE.