The face value of BLS E-Services IPO shares stands at ₹10 per share, with a book-building price band set between ₹129 to ₹135 per share. The final price will be determined within this range. This IPO comprises solely a fresh issue of shares, with no Offer for Sale (OFS) component.
The fresh issue involves 2,30,30,000 shares, translating to a fresh issue size of ₹310.91 crore at the upper price band of ₹135 per share. As there is no OFS component, the fresh issue size doubles as the overall issue size. The funds raised will be allocated to bolstering technology infrastructure, developing new capabilities, consolidating existing platforms, supporting organic and inorganic growth, expansion plans, and covering general corporate expenses.
Post-IPO, the promoter stake will decrease from 93.80% to 69.73%. Unistone Capital Private Ltd will lead manage the IPO, with KFIN Technologies Ltd serving as the registrar.
Regarding the Grey Market Price (GMP) for BLS E-Services IPO, GMP trading typically commences 4-5 days before the IPO opening until the listing date. GMP is influenced by market conditions, especially liquidity, and the subscription level indicative of investor interest. GMP may also be negative, suggesting a discount to the issue price.
While GMP is not an official price point, it serves as a popular informal gauge of demand and supply. As of January 30, 2024, the GMP for BLS E-Services IPO is ₹158, reflecting a gain of approximately 117.04%.
