BLS E-Services IPO Allotment Status: Check Application, Latest GMP and Listing Date

BLS E-Services, a digital service provider, is set to reveal the basis of allotment for its recent public issue, which saw overwhelming response and was oversubscribed by 162.40 times. The IPO, which was open for bidding from January 31 to February 1, garnered solid buying interest from all categories of investors, including non-institutional investors, retail investors, and qualified institutional bidders.

The IPO was sold at a price band of Rs 129-135 per share, with a lot size of 108 equity shares. The company raised Rs 310.90 crore through the primary offering, which consisted of a fresh share sale of up to 23,030,000 equity shares.

BLS E-Services operates in three key categories in India: business correspondence services to major banks, assisted E-Services, and E-Governance services at the grassroots level. The company’s strong financial performance, asset light model, and deep-rooted network in the Indian market attracted positive reviews from brokerage firms, despite concerns about rich valuations and rising competition.

Following the successful IPO, BLS E-Services saw a surge in its grey market premium (GMP), with shares commanding a premium of Rs 175, indicating a potential listing pop of about 130%. The GMP had already risen from Rs 155-160 at the time of the IPO launch.

To check the allotment status of the BLS E-Services IPO, investors can visit the Bombay Stock Exchange (BSE) website or the online portal of KFin Technologies, the registrar to the issue. They will need to provide their application number and PAN card ID for verification.

The listing of BLS E-Services shares on both BSE and NSE is expected to take place on Tuesday, February 06. Investors are advised to consult with a qualified financial advisor before making any investment decisions regarding the IPO.