The IPO of technology-backed service provider BLS E-Services Ltd has opened from today. If you want to invest money in this IPO then it is important to get all the information about it.
This IPO will be open from January 30 to February 1, 2024. The company is offering 2.3 crore shares for bidding. This does not include pre-IPO placement. The company has raised Rs 13.75 crore through pre-IPO placement of 11 lakh shares at a price of Rs 125.
Raised Rs 126 crore from anchor investors
Before the IPO, on January 29, the company has raised Rs 126 crore from anchor investors. According to the BSE website, the company has allotted 93.27 lakh shares to 10 funds at a price of Rs 135 each. Sixteenth Street Asian Gems Fund, Cent Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Eidos India Fund are among the anchor investors who have been allotted shares.
Price Band and Lot Size
The price band of IPO has been fixed at Rs 129-135 per share, the lot size is 108 shares. That means Rs 14,850 will have to be spent for one lot in the upper price band. After this, retail investors can bid at a multiple of 108. The company wants to raise Rs 310.90 crore through the issue.
- IPO opens – 30 January
- IPO closed- 1 February
- Price Band- Rs 129-135
- Lot size- 108 shares
- IPO size- Rs 310.90 crore
What does the company do
BLS e-Services is a technology enabled digital service provider, which provides correspondence services to many big banks in the country. The company helps in delivering essential public utility services and social welfare schemes in urban, semi-urban, rural and remote areas.
The company will use the funds raised from the issue to develop new capabilities and strengthen its existing platforms. The money will also be used to strengthen its technology infrastructure.
