BLS E-Services IPO: Issue subscribed 162 times!
Fri, Feb 2, 2024 9:06 AM

BLS E-Services IPO: Issue subscribed 162 times!

A Flip by Avya Verma
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BLS E-Services successfully raised Rs 310.91 crore through its IPO, which was subscribed 162.47 times on the last day of bidding. Retail investors bid 237 times, HNIs picked 300.14 times and QIBs bought 123.3 times the allotted quota. The company plans to use the funds for strengthening technology infrastructure, organic growth initiatives, and inorganic growth through acquisitions.

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