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.
Six companies will be raising little more than Rs 500 crore through initial public offerings including one from the mainboard segment and the remaining from SME segment.
BLS E-Services IPO | The IPO comprises of only a fresh issue of 2,30,30,000 crore equity shares by the subsidiary of listed company BLS International Services, and there is no offer-for-sale component.