⁠BLSE Services IPO: 10 Things to Know Before Subscribing

Orange Lightning

BLSE Services, India's visa and passport services leader, opens its IPO aiming for ₹310 crore through fresh shares. Priced at ₹129-135, it offers monopoly potential but government dependence and competition pose risks, Here are 10 things to know about the BLSE Services IPO before subscribing.

1

Opening and Closing Dates

The IPO opens for subscription on January 30, 2024, and closes on February 1, 2024.

2

Price Band

The issue is priced at ₹129 to ₹135 per share, aiming to raise ₹310.91 crore entirely through a fresh issue.

3

Allocation

75% of shares are reserved for institutional investors, 15% for non institutional investors, and 10% for  retail investors. Minimum bid is 108 shares.

4

Business and Growth

They reported a net profit of Rs 14.68 crore and revenue of Rs 158.05 crore as of September 30, 2023.

5

Positives

They have a strong presence across India and demonstrated healthy financial growth.

6

Risks

Dependence on government contracts, competition from other digital service providers &  potential regulatory changes are key risks to consider.

7

Grey Market Premium

The IPO has seen positive sentiment in the grey market, with shares trading at a premium, indicating potential investor interest.

8

Listing Date

The shares are expected to list on BSE and NSE on February 6, 2024.

9

Expert Opinions

Analyze recommendations from financial advisors and research reports to understand different perspectives  on the IPO.

10

Investment Decision

Carefully assess your risk  appetite, investment goals, and  research findings before making  a ubscription decision.