<p>New Delhi: Shares of BLS E-Services Ltd listed with a huge premium of nearly 129 per cent against the issue price of Rs 135.</p>.<p>The stock made its debut at Rs 309, climbing 128.88 per cent from the issue price on the BSE. It further zoomed 157.70 per cent to Rs 347.90.</p>.<p>At the NSE, it listed at Rs 305, a gain of 125.92 per cent.</p>.<p>The company's market valuation stood at Rs 2,919.22 crore.</p>.<p>The Initial Public Offer (IPO) of BLS E-Services received a whopping 162.48 times subscription on the last day of bidding on Thursday.</p>.BLS E-Services IPO fully subscribed within minutes of opening for subscription.<p>The IPO of fresh issue of up to 2,30,30,000 equity shares had a price range of Rs 129-135 a share.</p>.<p>The Rs 311-crore initial share sale of BLS E-Services Ltd was fully subscribed within minutes of opening for bidding on Tuesday.</p>.<p>The company is a leading technology-enabled digital service provider, offering business correspondent services to major banks in India, assisted e-services; and e-governance services at grass-root levels in the country.</p>.<p>BLS E-Services is a subsidiary of BLS International Services Ltd, which offers visa and consular services.</p>.<p>The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others.</p>.<p>The money will also be used to fund initiatives for organic growth by setting up BLS Stores, achieve inorganic growth through acquisitions and for general corporate purposes.</p>
<p>New Delhi: Shares of BLS E-Services Ltd listed with a huge premium of nearly 129 per cent against the issue price of Rs 135.</p>.<p>The stock made its debut at Rs 309, climbing 128.88 per cent from the issue price on the BSE. It further zoomed 157.70 per cent to Rs 347.90.</p>.<p>At the NSE, it listed at Rs 305, a gain of 125.92 per cent.</p>.<p>The company's market valuation stood at Rs 2,919.22 crore.</p>.<p>The Initial Public Offer (IPO) of BLS E-Services received a whopping 162.48 times subscription on the last day of bidding on Thursday.</p>.BLS E-Services IPO fully subscribed within minutes of opening for subscription.<p>The IPO of fresh issue of up to 2,30,30,000 equity shares had a price range of Rs 129-135 a share.</p>.<p>The Rs 311-crore initial share sale of BLS E-Services Ltd was fully subscribed within minutes of opening for bidding on Tuesday.</p>.<p>The company is a leading technology-enabled digital service provider, offering business correspondent services to major banks in India, assisted e-services; and e-governance services at grass-root levels in the country.</p>.<p>BLS E-Services is a subsidiary of BLS International Services Ltd, which offers visa and consular services.</p>.<p>The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others.</p>.<p>The money will also be used to fund initiatives for organic growth by setting up BLS Stores, achieve inorganic growth through acquisitions and for general corporate purposes.</p>