FINANCE

OPENS: 30/01/24

-by Aviion Business

BLS  E-SERVICES LIMITED IPO

BLS e-Services Limited is a technology-enabled digital service provider in India, offering Business Correspondents services to major banks, Assisted e-Services, and e-Governance Services at grassroots levels. Their extensive network provides access points for various public services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services for governments, businesses, and citizens in diverse areas. 

ABOUT:

The entire public offer of the company is an entirely fresh issue of up to 2.303 crore equity shares. 

ISSUE SIZE:

FINANCIALS:

PARTICULARS

2023

2022

2021

Total Assets

EBITDA

Total Revenue

40

180

55

243

20

05

36

08

03

05

97

64

Profit aft Tax

RISK FACTORS:

The company does not directly receive e-governance project awards; instead, these contracts are granted to their Corporate Promoter, BLS International Services Limited, which provides Government-to-Citizen (G2C) services. The subsidiary, BLS Kendras, is responsible for delivering e-governance services. Potential loss of certificates, keys, and passwords may lead to server access issues and data loss, posing a material risk

GREY MARKET PREMIUM (GMP)

The Grey Market Premium of BLS e-services Limited is around 103% as of 29/01/24

The Grey Market Premium of BLS e-services Limited is around 103% as of 29/01/24

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