Bls e-services ipo allotment status?

Question: Bls e-services ipo allotment status?

BLS E-Services IPO Allotment Status: How to Check Online

BLS E-Services, a provider of digital solutions for e-governance, e-commerce and e-learning, recently launched its initial public offering (IPO) on January 29, 2024. The IPO was oversubscribed by more than 40 times, indicating a strong demand from investors. The company raised Rs 150 crore from the IPO, which will be used for expanding its business operations, enhancing its technology platform and repaying debt.

If you have applied for the BLS E-Services IPO, you might be wondering how to check the allotment status of your shares. Here are the steps to follow:

1. Visit the website of the registrar of the IPO, KFin Technologies, at https://kfin.karvy.com/ipostatus/.

2. Enter your application number or PAN number in the box provided and click on 'Submit'.

3. You will see the details of your allotment status, such as the number of shares applied for, the number of shares allotted and the amount to be paid or refunded.

4. If you have received the allotment, you can download the allotment advice from the website and keep it for future reference.

5. If you have not received the allotment, you will get a refund of your application money within a few days.

The BLS E-Services IPO is expected to list on the stock exchanges on February 9, 2024. The company has fixed the issue price at Rs 145 per share, which implies a valuation of Rs 870 crore. The company reported a revenue of Rs 124 crore and a profit of Rs 18 crore in the financial year 2023. The company claims to have over 200 clients across various sectors, such as government, education, banking, insurance and healthcare.

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