BLS E-Services IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents

• GMP
• Reviews
• Subscription
• Allotment

What is the business of BLS E-Services?

BLS E-SERVICES is a leading technology enabled digital service provider, providing (i) Business Correspondents services to major banks in India, (ii) Assisted E-services; and (iii) E-Governance Services at grass root levels in India. Through its robust network it provides access points for delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural and banking services for governments (G2C) and businesses (B2B) alike in addition to a host of B2C services to citizens in urban, semi-urban, rural and remote areas.

Through its tech-enabled integrated business model, it provides digital and physical products and services in the G2C, B2C, B2B categories in semi-urban, rural and remote areas where penetration of internet is low and citizens need assistance in availing basic technology enabled services. It organizes its business along three primary business segments, (i) Business Correspondents Services; (ii) Assisted E-services; and (iii) E-Governance Services. A key stakeholder in each of its business segments are merchants, with whom it collaborates for delivery of its products and services to the citizens. As a part of our operations, it acts as business correspondents (“Business Correspondents”) to provide banking products and services on behalf of banks to people while performing a variety of services including opening savings, recurring deposit accounts, cash deposits, withdrawals, remittance, transfer, bill collection services, through its Subsidiaries, namely ZMPL and Starfin.

It also provides a variety of assisted e-services through retailers and digital stores also known as BLS Touchpoints, including PoS services, ticketing services, assisted e-commerce services, etc. Further, it facilitates delivery of various e-governance initiatives of the State Governments in India by providing various information communication technology (“ICT”) enabled citizen centric services (“E-Governance Services”) through its merchants also known as BLS Touchpoints to the citizens. Its E-Governance Services, enable the provision of citizen-centric and front-end services through BLS Touchpoints ranging from birth and death certificates, PAN and Aadhar registrations, property registrations, and other citizen centric services in a transparent and accountable manner. The Company has entered into an MOU with the National e-Governance Division (“NeGD”) for agent assisted delivery of unified mobile application for new-age Governance (“UMANG”) services into its digital platform, offering convenient access of E-Governance Services.

For more information, click www.blseservices.com

BLS E-Services IPO GMP, Particulars & Guidance

BLS E-Services IPO Guidance
BLS E-SERVICES is a leading technology enabled digital service provider, providing (i) Business Correspondents services to major banks in India, (ii) Assisted E-services; and (iii) E-Governance Services at grass root levels in India. Through its robust network it provides access points for delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural and banking services for governments (G2C) and businesses (B2B) alike in addition to a host of B2C services to citizens in urban, semi-urban, rural and remote areas. However the experts believe that the nature of business has limited life span. With advent of technology and internet penetration, the role of business correspondents will diminish in the years to come. 
Financials: The company has shown extra-ordinary rise in the topline of FY23(Rs. 246.24 from Rs.65.23 in FY21) and net profit of FY23 (Rs. 20.33Cr from Rs. 3.15 Cr in FY21). So sharp rise in the year just prior to the IPO raises eyebrows. In spite of such sharp rise in the bottomline, the shares are offered at very high PE multiple of 44.70.
IPO Size: The size of the IPO is very small eg. Rs. 310.91 Cr., so oversubscription is not an issue, yet the chances of allotment may be low.
Grey Market Fancy: Premium to Issue-price ratio is attractive, so you may take chance and apply. Do remember that many a times, the premium start declining, once the IPO close for subscription. Take your own decision. 

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BLS E-Services IPO GMP

BLS E-Services IPO GMP today details

BLS E-Services IPO GMP today, Details, Guidance, Subscription Status, allotment