BLS E-Services IPO: Technology-backed service supplier BLS E-Services Ltd has mounted a value band of Rs 129-135 per share for its preliminary public providing (IPO), which might be opened for public subscription between January 30 and February 1, 2024.
BLS E-Services Ltd is providing as much as 2.3 crore fairness shares, excluding pre-IPO placement within the providing. Anchor investor bidding might be on January 29, it added.
Investors can bid for no less than 108 fairness shares and in multiples of 108 thereafter, the corporate stated.
“The company proposes to utilise net proceeds from fresh issue of equity shares to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general corporate purposes,” it stated.
BLS E-Services IPO GMP Today
According to market observers, unlisted shares of BLS E-Services Ltd are buying and selling Rs 142 larger within the gray market as in contrast with its subject value. The Rs 142 gray market premium or GMP means the gray market is anticipating a 105.19 per cent itemizing achieve from the general public subject. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
