| Initial public offering of 2,30,30,000^ equity shares of face value of
Rs. 10 each ("Equity Shares") of BLS E-Services Limited ("Company" or "Issuer") for cash at a price of Rs. 135.00 per equity share (including a share premium of Rs. 125.00 per equity share) ("Issue Price") aggregating to Rs. 309.29 crores^ ("Issue"). The issue shall constitute 25.35 % of the post-issue paid up equity share capital of the company.
The company has undertaken a pre-ipo placement by way of private placement of 11,00,000 equity shares for cash at a price of Rs. 125 per equity share for an aggregating to Rs. 13.75 crores, in consultation with the brlm, pursuant to the resolution of the board dated January 4, 2024. The size of the fresh issue of 2,41,30,000 equity shares has been reduced by 11,00,000 equity shares pursuant to the pre-ipo placement, and accordingly, the fresh issue size is 2,30,30,000 equity shares.
The issue includes a reservation of 23,03,000^ equity shares aggregating to Rs. 29.48 crores^, for subscription by bls international shareholders (the "BLS International Shareholders Reservation Portion"). The company in consultation with the brlm, offered a discount of 5.19 % of the issue price to BLS International shareholders bidding in the shareholder reservation portion ("Shareholder Discount"), in accordance with the sebi icdr regulations. The issue less the bls international shareholders reservation portion is hereinafter referred to as the "Net Issue", aggregating to 2,07,27,000 equity shares.
The face value of the equity share is Rs. 10 each. The issue price is 13.50 times the face value of the equity shares.
^Subject to finalisation of basis of allotment.
**The company in consultation with the brlm, have offered a discount of
Rs. 7 per equity share to bls international shareholders bidding in the BLS International shareholders reservation portion.
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