BLS E-Services Ltd to raise funds through IPO

The Board of Directors of BLS E-Services Limited, Subsidiary of BLS International Services Limited ("the Company") at their meeting held today i.e., Monday, June 26, 2023 approved fund raising, subject to receipt of requisite approvals, market conditions and other considerations, by way of an Initial Public Offering ("IPO") of its Equity Shares in accordance with the Companies Act, 2013 and rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws.

The size of the offer, price and other details of the proposed IPO will be determined in due course.

Post the proposed IPO, BLS E-Services Limited would continue to be Subsidiary of the Company.

Shares of BLS International Services Limited was last trading in BSE at Rs. 193.65 as compared to the previous close of Rs. 193.85. The total number of shares traded during the day was 85487 in over 1524 trades.

The stock hit an intraday high of Rs. 198.45 and intraday low of 191.50. The net turnover during the day was Rs. 16735789.00.

Source : Equity Bulls

Keywords

BLSInternationalServices INE153T01027 BLSEServices FundRaising IPO