BLS E-Services IPO fully subscribed within one-hour of bidding process; retail portion booked over 10x
BLS E-Services IPO was subscribed 2.43 times with the retail category oversubscribed 10.44 times and NII portion oversubscribed by 3.35 times. The company raised Rs 126 crore from anchor investors. Analysts recommend subscribing to the issue. The company's revenue grew at 94% CAGR in FY21. Proceeds from the IPO to be used for technology infrastructure, organic and inorganic growth initiatives.
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