What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of BLS E-Services Limited IPO?

BLS E-Services Limited IPO has received a total subscription of 162.40 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

BLS E-Services Limited

ListedMainboard

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

₹155

+114.8%

Est. Listing

₹290

at current GMP

Subscribed

162.40x

overall

Open

30 Jan 2024

1 Feb 2024

Allotment

3 Feb 2024

Refund

4 Feb 2024

Demat Credit

5 Feb 2024

Listing

6 Feb 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

162.40x

Total Demand

QIB Multiplier

123.30x

Institutions & Funds

NII / HNI

300.05x

High Net-Worth

Retail (RII)

236.65x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 162.40x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	6,218,154	766,713,708	123.30x
NIB	3,109,050	932,881,212	300.05x
HNIs(10L +)	2,072,700	632,742,192	305.27x
HNIs (2-10L)	1,036,350	300,139,020	289.61x
RETAIL	2,072,700	490,510,836	236.65x
Shareholder	2,303,000	35,262,540	15.31x
Total	16,811,954	3,158,249,508	162.40x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 238.91x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	74,635	17,662,373	236.65x
HNIs (10L +)	477	143,124	300.05x
HNIs (2-10L)	2,285	685,614	300.05x
Total Applications	77,397	18,491,111	238.91x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About BLS E-Services Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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 Schedule:

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.

Frequently Asked Questions

What is BLS E-Services Limited IPO GMP today?

The latest Grey Market Premium (GMP) for BLS E-Services Limited IPO is ₹155 per equity share. Based on the upper price band of ₹129 to ₹135 per equity share, the estimated listing price is ₹290 (+114.8% expected listing gain).

What is the expected profit per lot for BLS E-Services Limited IPO?

With a lot size of 108 shares and current GMP of ₹155, the expected profit per application lot is approx ₹16,740 (+114.8% gain). Minimum application cost is approx ₹14,580.

What is the issue size and price band for BLS E-Services Limited IPO?

The BLS E-Services Limited IPO aggregate issue size is ₹310.91 Crores with an equity price band set at ₹129 to ₹135 per equity share. The retail lot size is 108 shares requiring a minimum capital outlay of approx. ₹14,580.

How can I check BLS E-Services Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 162.40x (Retail: 236.65x, QIB: 123.30x, NII: 300.05x). You can track live multiples directly on our dedicated subscription page.

Where and when will BLS E-Services Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-02-03. Investors can verify status using PAN card or application number.

When is the listing date for BLS E-Services Limited IPO?

BLS E-Services Limited shares are scheduled to list on NSE and BSE on 2024-02-06.