BLS E-Services has successfully concluded its Initial Public Offering (IPO) with a book-built issue amounting to Rs 310.91 crores. The IPO, consisting entirely of a fresh issue of 2.3 crore shares, garnered significant attention in the market. The allotment process was finalised on Saturday, February 3, 2024
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BLS E-Services IPO Subscription WindowBidding for the BLS E-Services IPO commenced on January 30, 2024, and concluded on February 1, 2024.
BLS E-Services IPO Listing DateThe tentative listing of BLS E-Services on both BSE and NSE for Tuesday to be scheduled for February 6, 2024.
BLS E-Services IPO Price BandThe IPO’s price band is established at Rs 129 to Rs 135 per share, with a minimum lot size for an application set at 108 shares. Retail investors are required to invest a minimum amount of Rs 14,580. For sNII (non-institutional investors), the minimum lot size investment stands at 14 lots (1,512 shares), amounting to Rs 204,120. Meanwhile, bNII (qualified institutional buyers) have a minimum lot size investment of 69 lots (7,452 shares), totaling Rs 1,006,020.
Step By Step Guide To Check Allotment On BSE
–For individuals to check the allotment status of the book build issue on BSE, follow this step-by-step guide:
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–Begin by visiting the official BSE website at bseindia.com/investors/appli_check.aspx;
–Within the portal, opt for ‘Equity’ as the issue type;
–Input either your Application Number or PAN Number as per your preference;
–Verify your identity by completing the ‘I’m not a robot’ validation;
–End the process by clicking the ‘Search’ button.
BLS E-Services IPO GMP
As per multiple websites that track the grey market premium activities, the shares of BLS-E Services IPO are commanding a GMP in the price range of Rs 160 – Rs 170 in the unlisted market.
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Unistone Capital Pvt Ltd serves as the book running lead manager for the BLS E-Services IPO, with Kfin Technologies Limited acting as the registrar for the issue. The market eagerly awaits the unfolding of events following the IPO’s listing.
