How To Check BLS E-Services IPO Allotment Status

The BLS E-Services IPO witnessed strong demand from investors, with a subscription of 162.47 times on the final day of bidding. Retail investors, high net-worth individuals (HNIs), and qualified institutional buyers (QIBs) showed significant interest, subscribing 237 times, 300.14 times, and 123.3 times, respectively, of the allotted quota. The BLS E-Services IPO allotment status is set to be finalised today, Jan 2.

If you applied for the IPO, you could use any of the below-listed methods to check the BLS E-Services IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the BLS IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "BLS E-Services" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the BLS allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "BLS E-Services" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

See Also: Tata Stock Slumps Sharply Even As Profits Jumped 10% In Q3

If all the details are entered correctly and the allotment has been finalised, the BLS IPO allotment status will be visible

BLS E-Services IPO Overview: Through the public offer, BLS E-Services looks to raise ₹310.91 crore. The price band was set at ₹129-135 per share, and the IPO comprised entirely of a fresh issue of 2.3 crore shares.

Before the IPO, the company secured Rs 126 crore from anchor investors on January 29. Notable anchor investors include Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, and Aidos India Fund.

The net proceeds from the fresh issue, amounting to ₹97.58 crore, will be allocated towards strengthening the technology infrastructure, developing new capabilities, and consolidating existing platforms. Additionally, ₹74.78 crore will be used for funding initiatives for organic growth through setting up BLS stores, and ₹28.71 crore will be directed towards achieving inorganic growth through acquisitions. The remaining funds will be utilized for general corporate purposes.

BLS E-Services operates as a digital service provider, offering business correspondence services to major banks in India, as well as assisted e-services and e-governance services at the grassroots level. The company’s merchants are categorized into BLS touchpoints and BLS stores, reflecting its broad reach and service offerings.

BLS E-Services IPO GMP is reported at ₹175. Taking the upper price band of ₹135, the stock is expected to list at more than double the issue price.

Read Next: RBI’s Clampdown On Paytm Payments Bank Has Indian Fintech Leaders Riled: Here’s What They’re Saying

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: NewsIPOsBLS E-Services