BLS E- Services IPO
BLS E- Services Limited (BLSE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 February 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +72.0% (likely range +33% to +146%), day's high +92.8%, chance of a gain 97%. Actual: +125.9% at the open, +171.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 62,18,154 | 76,67,13,708 | 123x | |
| NII (HNI) total | 31,09,050 | 93,31,47,108 | 300x | |
| Big NII (above ₹10 lakh) | 20,72,700 | 63,27,42,192 | 305x | |
| Small NII (₹2-10 lakh) | 10,36,350 | 30,04,04,916 | 290x | |
| Retail | 20,72,700 | 49,12,24,176 | 237x | |
| Shareholders | 23,03,000 | 3,52,83,492 | 15.3x | |
| Total | 1,37,02,904 | 2,22,63,68,484 | 162x |
Bids on NSE and BSE together, as published by NSE, as of 01 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion. 20% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to BLS E- Services's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Nazara TechnologiesMar 2021 | 104x | 390x | 75.3x | 175x | ₹583 Cr | +80.7% | +83.9% |
| Plaza WiresOct 2023 | 42.8x | 388x | 375x | 161x | ₹101 Cr | +40.7% | +48.5% |
| Easy Trip PlannersMar 2021 | 77.5x | 382x | 70.4x | 159x | ₹513 Cr | +13.5% | +25.1% |
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Unistone Capital | 13 | +47.7% | 100% |
Offer documents (NSE)
Frequently asked
What is the BLS E- Services IPO price band and lot size? ₹129–135 per share, with a lot of 108 shares, so the smallest retail bid is ₹14,580.
How many times has it been subscribed? 162x overall: QIB 123x, NII 300x, retail 237x.
How did it list? It opened at ₹305, +125.9% against the issue price of ₹135, and closed its first day +171.1%.
