BLS e-services raised 311 Crs through the IPO and got listed on Feb 6, 2024.

The Fresh issue will be utilized for:
A) Strengthening the technology infrastructure
B) Funding initiatives for organic growth by setting up BLS Stores;
C) Achieving inorganic growth through acquisitions; and
D) General Corporate Purposes

BLS- services IPO listed at 140% gain to Rs 309 from its Tuesday issue price of Rs 135 per share on the BSE, BLS E-Services has made a strong market debut. The IT-enabled services (digital service provider to banks) company’s stock opened at Rs 305 on the National Stock Exchange (NSE), up 126% from its issue price.

BLS E-Services has increased by 140% to Rs 323.90 on the BSE since IPO.

Company Overview

BLS E-Services a technology-enabled digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services, and E-Governance Services at the grassroots level in India

BLS Provides various EARN MONEY Services to its agents in this B2B module like

1. Ayushmaan Bharat
2. PAN Card Service
3. Recharges (Telecom, DTH, FasTag, Data Card)
4. Bill Payments (Electricity, Water, Gas, Telephone, etc.)
5. Money Transfer (DMT)
6. Travel Booking (including IRCTC)
7. Aadhaar Payments (AEPS)
8. Mini ATM,etc.
9. Refurbished smart phones
10. Flipkart & Amazon E-commerce

Service Portfolio

The company being a subsidiary of BLS International Services Limited provides visa, passport, consular, and other citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America, and the Middle East through its technology-enabled platform. It is the only listed company engaged in this domain in India.

Digital service provider to banks

1) Business Correspondent Services: The companies acting as Business Correspondents offer services such as account opening, cash deposit, cash withdrawal, fund transfer, term and recurring deposits, balance inquiry, AePS, etc.

2) E-Governance services: The services related to Aadhar, pension schemes, PAN cards, insurance, passports, and other government schemes are covered under this segment.

3) Assisted E-services: This segment includes services related to PoS, ticketing, assisted e-commerce, bill payments, skill development, medicine, tel-agriculture, etc.

Revenue Split of Business

Fundamentals of BLS e-services

Shareholding Pattern

Financial Trend

• The company’s revenue is increasing consistently. It has increased by 273% in the last 3 years. Revenue has became 4x in the span of just 3 years.
  
• Net profit has increased by 500% in the same duration. It has became 6x in the span of 3 years
  

Should you invest ?

• By looking at the company’s business model it is heavily depended on the private & public sector banks & one thing as well company has strong fundamentals when it comes to revenue & net profit it is consistently increasing on year on year basis.
• BLS e-services is the subsidiary of BLS international services & it is a Small cap company with a Market cap-3572 Cr, hence it has a lot of potential to grow in the long term.
• This is the right time to invest in such companies as per the business model as the banks services will grow so the BLS e services will also grow at more pace.
• One who has the potential to hold this particular company for the longer term then & only then think about this company.
• If you are looking for the short term gains in this all time high market then it is high probability that when the nifty 50 will fall then small cap indices will badly hit the most so be cautious while thinking of the short term profit booking.

Disclaimer

This article is a complete guide about BLS e-services company.

This information and forecasts are based on our research, company fundamentals, and history, experiences, and various technical analyses.

Also, I have talked in detail about the share’s prospects and growth potential.

Hopefully, this information will help you in your further investment.

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