BLS E-Services eyes IPO by February: Chairman
Financial Express Mumbai|January 15, 2024
To double BC outlets, customer footfalls in 1.5-2 years
PIYUSH SHUKLA

MAJOR BUSINESS CORRESPONDENT (BC) company BLS E-Services is eyeing an initial public offering (IPO) by February, chairman Shikhar Aggarwal told FE. The company had in August filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi).

"We have already filed for the IPO and some approvals have also come in from Sebi. So, depending on the final approval, our plan is to list the company maybe within this month or maximum by February," he said. The IPO comprises a fresh issue of 24.1 million equity shares with no offer for sale (OFS) component. The company has already raised 13.75 crore earlier this month from a total of 17 investors who bought 1.1 million shares in the pre-IPO place ment phase.

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