The total promoter group’s stake will fall to around 69% after the IPO from 92.3%. The company offers a diverse set of services to banks and citizen-centric services. It has shown a sharp improvement in financials over the past three years. However, its valuation seems to be rich. Given these factors, long-term investors with high risk appetite may consider the IPO.
Six companies will be raising little more than Rs 500 crore through initial public offerings including one from the mainboard segment and the remaining from SME segment.
BLS E-Services IPO | The IPO comprises of only a fresh issue of 2,30,30,000 crore equity shares by the subsidiary of listed company BLS International Services, and there is no offer-for-sale component.
BLS E-Services IPO comprises a fresh equity issue of 2.3 crore shares. The company plans to raise around Rs 311 crore via the initial share sale. There is no offer-for-sale segment in the public offer.