BLS e-Services IPO: Technology-enabled services provider BLS e-Services Ltd has set a price band of Rs 129-135 per share for its initial public offering (IPO), which will be opened for public subscription between January 30 and February 1, 2024.
BLS E-Services Limited is offering up to 2.3 crore equity shares in the offering, excluding pre-IPO placement. It said the anchor investor bid would take place on January 29.
Investors can bid for a minimum of 108 equity shares and in multiples of 108 thereafter, the company said.
“The company proposes to utilize the net proceeds from the fresh issue of equity shares to strengthen its technology infrastructure to develop new capabilities and strengthen its existing platforms; Financing initiatives for organic growth by setting up BLS stores; achieving inorganic growth through acquisitions; and general corporate objectives,” it said.
BLS e-Services IPO GMP today
According to market observers, unlisted shares of BLS E-Services Ltd are trading at Rs 142 higher in the gray market than their issue price. The gray market premium or GMP of Rs 142 means the gray market is expecting 105.19 per cent listing profit from the public issue. GMP is based on market sentiments and keeps changing.
The ‘grey market premium’ refers to the willingness of investors to pay more than the issue price.
Follow us on Google news ,Twitter , and Join Whatsapp Group of thelocalreport.in
