BLS E-Services IPO Allotment – Share received or not, know GMP and method to check

The IPO of BLS E-Services was launched on January 30 and remained open till the first of February. This IPO witnessed huge enthusiasm from investors across all categories and received more than 150 times subscription.

There is a possibility of final allotment in BLS E-Services IPO today. In this IPO, investors subscribed a total issue of Rs 310.90 crore, which is 162.40 times subscribed. Along with this, it is trading in the gray market with a premium of Rs 170, which is about 126 percent more than the issue price.

Company Details:
Established in 2016, BLS provides end-to-end integrated solutions through E-Services portal. The company is asking to strengthen its technical infrastructure with the money raised from this IPO. The company is a subsidiary of BLS International and provides various services for the government and service partners.

IPO Details:
In this IPO, 75% of the shares were reserved for qualified institutional buyers, 10% for retail investors, and 10% was also reserved for non-institutional investors. Along with this, 23.03 lakh shares were reserved for the shareholders of BLS International and the company gave them a discount of Rs 7 per share.

Method to check:
Unistone Capital has become the book running lead manager of this IPO, while Kfin Technologies is in the role of registrar. Investors can know the allotment status in two ways – through the websites of BSE and Registrar. Investors visit https://www.bseindia.com/investors/appli_check.aspx, click Equity Issues, then select BLS E-Services Limited and enter your application number, PAN, and ID. Finally, click on “I am not a Robot” and submit.

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