BLS E- Services Limited shall open its Bid / Offer in relation to its initial public Issue of Equity Shares on Tuesday, January 30, 2024. The total Issue size of Equity Shares of face value Rs 10 each comprises of fresh issue of up to 2,30,30,000 Equity Shares (excluding Pre-IPO placement undertaken of 11,00,000 equity shares). The Bid/Offer will open on Tuesday, January 30, 2024 for subscription and close on Thursday, February 1, 2024.
The Price Band of the Issue has been fixed at Rs 129 to Rs 135 per Equity Share. Bids can be made for a minimum of 108 Equity Shares and in multiples of 108 Equity Shares thereafter.
The Issue includes a reservation up to 23,03,000 Equity Shares for subscription by BLS International shareholders. Company in consultation with the BRLM, has offered a discount of Rs 7 per Equity Share BLS International shareholders reservation portion.
The Company proposes to utilise net proceeds from fresh issue of Equity Shares to strengthening its technology infrastructure to develop new capabilities and consolidating its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general Corporate Purposes.
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited. For the purpose of the issue, National Stock Exchange of India Limited shall be the designated stock exchange.
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