January 30, 2024 - February 1, 2024

BLS E-Services IPO Review & Recommendations

Anand Rathi, BP Equities (BP Wealth), Canara Bank Securities Ltd, Dilip Davda, Marwadi Shares and Finance Ltd, Reliance Securities, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to BLS E-Services IPO. Capital Market and Indsec Securities have given "May Apply" recommendation to BLS E-Services IPO. Arihant Capital Markets Ltd has "Neutral" view about the IPO. Unistone Capital Private Limited has "Not Rated" the IPO.

BLS E-Services IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	8	2	1	0	1
%	66.67	16.67	8.33	0.00	8.33

BLS E-Services IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Arihant Capital Markets Ltd	Neutral
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	Apply
Capital Market	May Apply
Dilip Davda	Apply
Indsec Securities	May Apply
Marwadi Shares and Finance Ltd	Apply
Reliance Securities	Apply
Swastika Investmart Ltd	Apply
Unistone Capital Private Limited	Not Rated
Ventura Securities Limited	Apply

BLS E-Services IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for BLS E-Services IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

BLS E-Services IPO Review by Dilip Davda (Apply)

[Dilip Davda] BEL is a one-point technology enabled digital service provider and providing almost all related services under one roof. Considering “Digital India” move by the government, this company has very bright prospects going forward. Based on annualized FY24 earnings, though the issue appears fully priced, it has bright prospects ahead with major infra in place. Investors may park funds for the medium to long term rewards. Read detail review...

BLS E-Services IPO Peer Comparison

BLS E-Services Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
BLS E-Services Limited	3.02	3.02	18.76	44.31	16.46	7.20	Consolidated
Emudhra Limited	8.35	8.01	53.02	56.27	15.75	8.50	Consolidated

Notes: P/E Ratio has been computed based on the closing market price of equity shares on the BSE website on January 05, 2024, divided by the Diluted EPS. Restated Profit for the year attributable to equity shareholders of the Company divided by Net Worth of the Company. Net asset value per equity share is calculated as net worth as of the end of relevant year divided by the weighted average number of equities shares outstanding at the end of the year.

BLS E-Services IPO Review by Members

BLS E-Services IPO Reviews, analysis and views by popular members. Read BLS E-Services Limited IPO reviews by retail investors to find recommended ipo to buy.

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BLS E-Services IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Basuvr IPO Guru (2000+ Posts, 1100+ Likes)	Apply for Long Term at Upper Price Band Must apply with FF for listing gain and even for short-term, long-term gain. 🙏 January 25, 2024 10:52:20 PM

Member

Review

Basuvr

IPO Guru (2000+ Posts, 1100+ Likes)

Apply for Long Term at Upper Price Band

Must apply with FF for listing gain and even for short-term, long-term gain.
🙏

January 25, 2024 10:52:20 PM

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