
Industrial & Financial Services · NSE / BSE
BLS-E Services Limited, formed in April 2016, is a digital services company that provides business correspondent services for major Indian banks, assisted e-services, and e-governance solutions focused on reaching remote and underserved communities. As a subsidiary of BLS International Services Limited, it also supports visa, passport, consular, and other citizen services across several global regions, making it the only listed Indian company operating in this field. The company’s merchant network grew to 92,427 by March 31, 2023, and its revenue has steadily increased from ₹6,448.72 lakhs in FY21 to ₹24,306.07 lakhs in FY23. With a workforce of 3,071 employees, including 2,413 contract staff as of June 30, 2023, BLS-E Services continues to expand its presence and deliver essential digital and financial services.
Price Band
₹129 – ₹135
Issue Size
₹311 Cr
Lot Size
108 shares
GMP
+114.8%
Est. Listing
₹290
at current GMP
Subscribed
162.40x
overall
Open
30 Jan 2024
Close
1 Feb 2024
Allotment
3 Feb 2024
Refund
4 Feb 2024
Demat Credit
5 Feb 2024
Listing
6 Feb 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹135
Band: ₹129 – ₹135
Estimated Listing Price
₹290
Upper price + GMP
Lot Size
108 shares
Min investment ₹14,580
Estimated Profit / Lot
₹16,740
108 × ₹155
Grey Market Premium trend
+₹155
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹155 | 114.8% | ₹290 |
| 30 Oct 2026 | +₹155 | 114.8% | ₹290 |
| 29 Oct 2026 | +₹140 | 103.3% | ₹275 |
GMP is unofficial market data. Not a guarantee of listing performance.
BLS E-Services Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹310.91 Crores. The shares are offered at a price band of ₹129 to ₹135 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 108 shares (approx. ₹14,580 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-02-05, while un-allotted funds or UPI block mandates will be released on 2024-02-04.
The latest grey market premium for BLS E-Services Limited IPO is ₹155, which indicates an expected listing price of ₹290.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.