BLS E-Services Limited IPO Message Board (Page 41)

Which one is better 13lots retail or 1shni

Should be 14 lots? If discount? Where they mention any discount ? What type of discount? Shareholder discount? Or employee discount? Please tell

​@MRANKUR Shareholder discount of Rs 7 per share is there. They have mentioned it in the FAQs shared in this thread.

Kindly refer to the same for clarification.

All talks about sh quota, but main query is , to apply or not to apply??
Experts please guide
Thank you

thank you all

Here m gupta ji already mentioned to apply.
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1632&c=721706&ap=0

Mail to shareholders yet not recieved , Monday is last working day they should sent in advance.

Registar should have sent them 2 days ago. They are lazy it seems or they weren't prepared for the sh quota in rhp

Correct

Page 412 of RHP
CLEARLY SHOWS THAT SHAREHOLDER CAN BID MORE THAN 2 LAKH...

Refer to FAQs shared in this thread, they clarify everything. RHP language is confusing and erroneous

Reas page 426 carefully. Your clearity will change into confusion.

Hello everyone,
Just a small query if we are applying in share holder quota , will be apply the upper band or upper band -discount??
Because if we consider discount we can apply 14 lots and if we don’t consider maximum bid would be 13 lots .

Thanks in advance
Experts please comment

​@Seth. In FAQs its stated that shareholders "can" (can being the operative word) bid at cut-off price meaning shareholders have a choice to bid at discount or at cut-off.

Further, RHP pg 426 states max bid of shareholders is 2 lakhs, which should be net of discount, hence maximum 14 lots can be bid for in shareholder category.

​@MuStrFc Okay got it , Thanks for explanation 👍

📢 BLS E-SERVICES LTD MainBoard IPO Final Details

Issue Dates : 30 Jan - 01 Feb
IPO Size: Rs 309.29 Crore
Price Band : ₹ 129 -₹ 135

Retail Lot : 108 Share, Application Amount : 14,580
No of Applications: 19,191

SHNI Lot : 1,512 Share Application Amount: 2,04,120
No of Applications : 685

BHNI Lot : 7,452 Shares Application Amount: 10,06,020
No of Applications : 1,370

Shareholder Portion : 23,03,000
No of Applications : 21,324 Shareholder Discount : ₹ 7

23rd January is the Record Date for Shareholder to be Eligible to Apply in the IPO.

If share holder quota is 10% of total issue, then what's the quota for non-share holder ?

This is a no brainer. One should apply with full force as funds are lying in the bank account, no other mainboard competition, Bumper GMP, reasonable financials.

Please keep in mind following shloka from Bhgawad Geeta:

कर्मण्येवाधिकारस्ते मा फलेषु कदाचन। मा कर्मफलहेतुर्भूर्मा ते संगोऽस्त्वकर्मणि॥

Nice reminder. You only have a right to action (karma) and not to the fruits of your karma. Do not become a person who constantly meditates upon (gets attached to) the results of one’s karma. Do not get attached to inactivity (no karma).

In simple words, keep applying in good IPOs. One can win lottery only upon purchasing a lottery ticket. Nahin?

why retail only 10%, any reason?

Retail portion is 10% because profits of company do not meet the condition of atleast Rs. 15 Cr in average of any of three years out of last five years.
You may get more details here :
https://www.chittorgarh.com/book-chapter/ipo-investors/7/

Company not a loss making in 4 years then why retail 10%

Hi @Harsh Newguru  Good question. However, please understand that each IPO has a reserved quota (number of shares) for IPO individual or retail investors. The reservation depends on several factors, including the type of issue.
1. Book Building Issue (profitability route) where minimum 35% is reserved for retail portion
2. Book Building Issue (QIB route) where not more than 10% is reserved for retail investors
3. Fixed price IPO where minimum 50% of the net offer is allocated to retail investors
BLS E-Services IPO qualifies under 2 as it does not meet certain other conditions of 1 which are listed below :

* The company should have net tangible assets of at least Rs 3 crores in each of the three preceding years.
* For fresh issues (not OFS), of the above Rs 3 crores of tangible assets, not more than 50% should be cash or cash equivalent.
* The company should have an average operating profit (before tax) of at least Rs 15 crore in any of the three years out of the last five years.

As the last condition is not met by this company, it falls under category 2 as explained above and hence retail quota is limited to 10% only.

Hope, it helps.

Source of Info : https://www.chittorgarh.com/book-chapter/ipo-investors/7/

Retail portion is 10% because profits of company do not meet the condition of atleast Rs. 15 Cr in average of any of three years out of last five years.

Hope, it clarifies !

I think it may break all the records of over subscription, due to
1. very small issue,
2. retail portion only 10%,
3. high GMP,
4. good financials,
5. good promoters

Has the dispatch of emails to eligible shareholders commenced, if someone has received and can confirm?

My bank is icici bank

Latest,

Can someone please when we can funds get unblock allotment on 2nd February Friday. Can we expect amount to be unblock on 3ed February on Saturday or we need to wait till Monday to funds get unblock. I have icici account.

It depends upon the bank's

Though bank will be open on this saturday but mostly unblock will happen on Monday for ASBA application. For UPI application it can happen in weekend.

Register clarified bid can be upto 2 lakh in shareholder quota.

This basically means its the same as per TATA TECH.

No idea, why and what they mentioned in RHP for SH Category.....

​@IProfitO Rules are same as in Tata Technologies IPO.
I hope to get Sh quota allotment as I got in Tata Technologies.

Can anyone please advise. Is it better to apply in 4 accounts under SH category 15k each. Or should I go for 1 account (SH) with maximum funds i.e.upto 2L. Can't apply 2L x 4 bcz of fund limitation. Thank you so much for your support.

Since sh quota is proportionate, higher lots upto 2lk will have higher chances.
So apply 50k ×4, sh applications.
This will have better chances rather than just one 2lk sh application. This will also ensure that you have proper funds utilisation

@newgen...Thanks I bought 1 BLS in all accounts as per your recommendation before 1 month..Pl keep posting such information on SH quota

Thank You Sir

what is the record date for the shareholder category......... What will be the expected subscription in bNII & sNII

It should be available in your demat account on 23 Jan. For subscription it will be heavly oversubscribed.
🙏

No mail yet. Waiting eagerly for the same

Anybody received Shareholder quota email from company?