<p>New Delhi: Technology-backed service provider BLS E-Services Ltd has set a price band of Rs 129-135 per share for its initial public offering (IPO), that will open for bidding on January 30.</p><p>The issue will open for public subscription on January 30, and close on February 1, 2024, a company release said.</p><p>The firm is offering up to 2.3 crore equity shares, excluding pre-IPO placement in the offering.</p>.India’s IPO market is busy. It’s also broken.<p>Anchor investor bidding will be on January 29, it added.</p><p>Investors can bid for a minimum of 108 equity shares and in multiples of 108 thereafter, the company said.</p><p>"The company proposes to utilise net proceeds from fresh issue of equity shares to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general corporate purposes," it said.</p>
<p>New Delhi: Technology-backed service provider BLS E-Services Ltd has set a price band of Rs 129-135 per share for its initial public offering (IPO), that will open for bidding on January 30.</p><p>The issue will open for public subscription on January 30, and close on February 1, 2024, a company release said.</p><p>The firm is offering up to 2.3 crore equity shares, excluding pre-IPO placement in the offering.</p>.India’s IPO market is busy. It’s also broken.<p>Anchor investor bidding will be on January 29, it added.</p><p>Investors can bid for a minimum of 108 equity shares and in multiples of 108 thereafter, the company said.</p><p>"The company proposes to utilise net proceeds from fresh issue of equity shares to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general corporate purposes," it said.</p>