BLS E-Services IPO Opening on Jan 30 with Price Band of ₹Rs 129-135/Share

The IPO for BLS E-Services Ltd, a technology-backed service provider, is set to open on January 30 with a price band of ₹129-135 per share. The company is offering up to 2.3 crore equity shares, and the issue will close on February 1, 2024. Anchor investor bidding will take place on January 29. Investors can bid for a minimum of 108 equity shares and in multiples of 108 thereafter. The company plans to use the net proceeds from the IPO to strengthen its technology infrastructure, develop new capabilities, and consolidate its existing platforms, as well as for funding initiatives, achieving inorganic growth through acquisitions, and general corporate purposes. The IPO is aiming to raise funds for its expansion and growth plans. Published on January 26, 2024.