BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor traders.
The preliminary public providing has a contemporary concern of as much as 2,30,30,000 fairness shares. It has a value vary of Rs 129-135 a share.
The Initial Public Offering (IPO) of BLS E-Services Ltd was absolutely subscribed inside minutes of opening for subscription on Tuesday.
The Rs 311-crore IPO obtained bids for five,83,39,440 shares towards 1,37,02,904 shares on supply, translating into 4.26 instances subscription, as per NSE knowledge until 11:57 hours.
The quota for Retail Individual Investors (RIIs) fetched 14.21 instances subscription, whereas the class for non-institutional traders acquired subscribed 4.71 instances. The portion for Qualified Institutional Buyers (QIBs) obtained 2.04 instances subscription.
The preliminary public providing has a contemporary concern of as much as 2,30,30,000 fairness shares. It has a value vary of Rs 129-135 a share.
BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor traders.
The firm proposes to utilise internet proceeds from the contemporary concern to strengthen its expertise infrastructure to develop new capabilities and consolidate its current platforms, amongst others.
The cash may also be used to fund initiatives for natural progress by establishing of BLS Stores, obtain inorganic progress by acquisitions and and for basic company functions.
Unistone Capital is the supervisor to the supply.
