BLS E-Services IPO was subscribed 2.43 times with the retail category oversubscribed 10.44 times and NII portion oversubscribed by 3.35 times. The company raised Rs 126 crore from anchor investors. Analysts recommend subscribing to the issue. The company s revenue grew at 94% CAGR in FY21. Proceeds from the IPO to be used for technology infrastructure, organic and inorganic growth initiatives.
BLS E-Services IPO comprises a fresh equity issue of 2.3 crore shares. The company plans to raise around Rs 311 crore via the initial share sale. There is no offer-for-sale segment in the public offer.