BLS E-Services IPO GMP History
BLS E-Services IPO has been listed on February 6, 2024 at a listing price of ₹305, against the issue price of ₹135 — a gain of ₹170 (+125.93%). The GMP peaked at ₹175 on 5 February 2024 and reached a low of ₹55 on 24 January 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
BLS E-Services IPO raised ₹309.29 Cr. through its IPO at a price band of ₹129 to ₹135 per share, with a lot size of 108 shares. The IPO was open for subscription from 30 Jan 2024 to 01 Feb 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:31 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 05 Feb 2024 | ₹ 175 | — | 130% | — | — |
| 03 Feb 2024 | ₹ 175 | ▲ | 130% | — | — |
| 02 Feb 2024 | ₹ 170 | — | 126% | — | — |
| 01 Feb 2024 | ₹ 170 | ▲ | 126% | — | — |
| 31 Jan 2024 | ₹ 155 | ▲ | 115% | — | — |
| 30 Jan 2024 | ₹ 150 | ▲ | 111% | — | — |
| 29 Jan 2024 | ₹ 140 | ▲ | 104% | — | — |
| 27 Jan 2024 | ₹ 120 | ▲ | 89% | — | — |
| 26 Jan 2024 | ₹ 115 | ▲ | 85% | — | — |
| 25 Jan 2024 | ₹ 95 | ▲ | 70% | — | — |
| 24 Jan 2024 | ₹ 55 | — | 41% | — | — |
BLS E-Services IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 30 Jan 2024
- Close 01 Feb 2024
- Allotment 02 Feb 2024
- Refund/credit 05 Feb 2024
- Listing 06 Feb 2024
BLS E-Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹135 |
|---|---|
| GMP-based estimate (pre-listing) | ₹310 (+129.6%) |
| Listing gain / loss | +₹170 per share |
| Listing date | 06 Feb, 2024 |
| Actual listing price | ₹305 (+125.93%) |
Is BLS E-Services IPO GMP reliable?
Grey market premium for BLS E-Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the BLS E-Services IPO full review for a fundamentals-based assessment before making any grey market trades.
BLS E-Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for BLS E-Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About BLS E-Services IPO
BLS E-Services Limited was incorporated as BLS E-Services Private Limited in New Delhi on 12 April 2016. It is a subsidiary of BLS International Services Limited.
Its three segments are business correspondent services, where it provides banking products on behalf of major banks in India, assisted e-services through retailers and digital stores, and e-governance services that help state governments deliver citizen services.
Merchants are key to delivering its services to citizens. It had 1,576 BLS Touchpoints spread across 22 states in India.
The IPO was Rs 309.29 crore and was entirely fresh issue. Rs 97.59 crore was planned for technology infrastructure, Rs 74.78 crore for setting up BLS Stores and Rs 28.71 crore for acquisitions.
Frequently asked
What is the GMP of BLS E-Services IPO?
The current Grey Market Premium (GMP) of BLS E-Services IPO is ₹ 175.
What is the Kostak Price of BLS E-Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for BLS E-Services IPO is not available.
What is the Subject to Sauda Price of BLS E-Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of BLS E-Services IPO?
BLS E-Services IPO listed on February 6, 2024 at ₹305, against the issue price of ₹135 — a gain of +125.93%.
How did the GMP of BLS E-Services IPO trend before listing?
The GMP of BLS E-Services IPO was stable in its final days before listing. The GMP peaked at ₹175 on 5 February 2024. View the day-wise table above for the complete GMP history.
Explore BLS E-Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
