BLS E-Services Limited Initial Public Issue to open on January 30

Gandhinagar: BLS E- Services Limited (“BLSEL” or the “Company”), shall open its Bid / Offer in relation to its initial public Issue of Equity Shares on Tuesday, January 30, 2024. The total Issue size of Equity Shares of face value ₹ 10 each comprises of fresh issue of up to 2,30,30,000 Equity Shares (excluding Pre-IPO placement undertaken of 11,00,000 equity shares), the company said in a statement.

“The Anchor Investor Bidding Date shall be Monday, January 29, 2024.  The Bid/Offer will open on Tuesday, January 30, 2024 for subscription and close on Thursday, February 1, 2024. The Price Band of the Issue has been fixed at ₹ 129 to ₹ 135 per Equity Share. Bids can be made for a minimum of 108 Equity Shares and in multiples of 108 Equity Shares thereafter,” the statement added.

According to a media release, “The Issue includes a reservation up to 23,03,000 Equity Shares aggregating up to ₹ [●] Lakhs, for subscription by BLS International shareholders ( The “BLS International Shareholders Reservation Portion”). The company in consultation with the BRLM, has offered a discount of ₹ 7 per Equity Share BLS International shareholders reservation portion (The “Shareholder Discount”).”

“The Company proposes to utilise net proceeds from fresh issue of Equity Shares to strengthening its technology infrastructure to develop new capabilities and consolidating its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general Corporate Purposes (the “Objects of Issue”),” the company added.

The statement also states, “these Equity Shares are being offered through the red herring prospectus of the Company dated January 23, 2024 filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana (“ROC”).  The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). For the purpose of the issue, National Stock Exchange of India Limited shall be the designated stock exchange.”

Unistone Capital Private Limited is the sole Book Running Lead Managers to the Issue (“BRLMs”), the company statement added.