Bls International Services

Aster DM, Laurus Labs among 5 smallcap stock ideas in a falling market

Eris Lifesciences, BLS International and Five-Star Business are the other 3 smallcap stocks that look favourably placed on the technical charts in an otherwise weak market.

BLS International 8% off record high; to fully acquire Citizenship Invest

On Thursday, BLS International Services said that it has signed a definitive agreement to acquire a 100 per cent stake in Citizenship Invest (CI), a Dubai based advisory firm

BLS International acquires 51% stake in SLW Media for Rs 80.24 lakh

Visa processing and consular services provider BLS International on Saturday said it has acquired a 51 per cent stake in sports management company SLW Media for a value of Rs 80.24 lakh. The company has entered into a definitive share purchase agreement to acquire a 51 per cent stake in SLW Media for a value of Rs 80.24 lakh, SLW Media said in a statement. The acquisition aligns perfectly with BLS International's extensive global presence, allowing for seamless integration of golf events with its visa and travel services across more than 66 countries, it said. SLW Media is a prominent sports management company with over two decades of experience in the golf industry. "With this acquisition we are driving a transformative leap in our brand equity. This partnership acts as a powerful vehicle to elevate our global presence and position us strategically on the world stage. Our unified approach underscores our dedication to innovation and excellence, setting a new benchmark for success

KPR Mill, eClerx: 5 midcap, smallcap stocks to play the market bounce

KPR Mill, eClerx, Granules, Cera Sanitaryware and BLS International are the 5 mid- and smallcap stocks that look strong on technical charts and can potentially gain up to 43% from present levels.

BLS International jumps 9% on stellar June qtr show; Q1 profit rises 70%

The uptick in the stock price came after a strong show in the June quarter of financial year 2025 (Q1FY25).

BLS E-Services to acquire 55% stake in Aadifidelis Solution for Rs 190 cr

Visa services provider BLS International on Tuesday said its subsidiary BLS E-Services Limited (BLSE) has signed an agreement to acquire 55 per cent in Aadifidelis Solutions and its affiliates for an enterprise value of about Rs 190 crore. BLSE has entered into a definitive Share Purchase Agreement (SPA) to acquire the controlling interest in Aadifidelis Solutions (ASPL) and its affiliates, a major player in India in the distribution and processing of loans for corporates and individuals. BLSE will make an upfront investment (primary and secondary) of about Rs 71 crore with balance consideration being deferred linked to the achievement of milestones in 2024-25, BLS said in a release. The acquisition will be an all-cash deal. The transaction will be completed in the second quarter of the fiscal. Shikhar Aggarwal, Joint Managing Director of BLS International Services said that the signing of a definitive agreement with ASPL is a strategic move that will unveil a plethora of ...

BLS International Services Q3 results: Profit rises by 90% to Rs 87 cr

Visa service provider BLS International Services on Monday reported a 90 per cent year-on-year rise in net profit to Rs 87.18 crore for the quarter ending December 2023, primarily driven by an improved business mix. The New Delhi-headquartered company had posted a profit of Rs 45.85 crore in the year-ago period. The company's consolidated revenue stood at Rs 437.9 crore for the December quarter in FY24 and operating EBITDA witnessed a growth of 33.6 per cent to Rs 88.6 crore, according to a regulatory filing. "The company's operating EBITDA margins continue to be in excess of 20 per cent; primarily driven by an improved business mix, specifically in the visa and consular services segment," BLS said. BLS shares ended at Rs 363.70 apiece on the BSE, down by 5.51 per cent over Friday close. The company continued to maintain healthy balance sheet with cash and cash equivalents of Rs 754 crore as of December 31, 2023. For the nine months ended December of 2023, operational revenue of

Tata Group becomes first Indian conglomerate to cross Rs 30 trn mcap

The sharp rally in the TCS stock boosted the Mumbai-based salt-to-software major's total mcap to Rs 30.6 trillion

BLS E-Services IPO gets subscribed 42.74 times on day two of bidding

The Initial Public Offer (IPO) of BLS E-Services got subscribed 42.74 times on the second day of subscription on Wednesday. The IPO received bids for 58,56,83,352 shares against 1,37,02,904 shares on offer, as per data available with the NSE. The category for Retail Individual Investors (RIIs) attracted 125.26 times subscription, while the non-institutional investors part got subscribed 94.05 times and the portion for Qualified Institutional Buyers (QIBs) fetched 2.68 times subscription. The initial public offering of BLS E-Services Ltd was fully subscribed within minutes of opening for bidding on Tuesday. The company's IPO has a fresh issue of up to 2,30,30,000 equity shares. Its price range is Rs 129-135 a share. BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors. The company is a leading technology-enabled digital service provider, offering business correspondent services to major banks in India, assisted e-services; and e-governance services at grass-r

BLS E-Services IPO fully subscribed within minutes of subscription opening

The Initial Public Offering (IPO) of BLS E-Services Ltd was fully subscribed within minutes of opening for subscription on Tuesday. The Rs 311-crore IPO received bids for 5,83,39,440 shares against 1,37,02,904 shares on offer, translating into 4.26 times subscription, as per NSE data till 11:57 hours. The quota for Retail Individual Investors (RIIs) fetched 14.21 times subscription, while the category for non-institutional investors got subscribed 4.71 times. The portion for Qualified Institutional Buyers (QIBs) received 2.04 times subscription. The initial public offering has a fresh issue of up to 2,30,30,000 equity shares. It has a price range of Rs 129-135 a share. BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors. The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others. The money will also be used to fund initiatives f

BLS E-Services collects Rs 126 crore from anchor investors ahead of IPO

BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors a day before its Initial Public Offering (IPO). The company has allotted 93.27 lakh equity shares to 10 funds at a price of Rs 135 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE website. Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Aidos India Fund are among the anchor investors that have been allotted shares. The offer is entirely a fresh issue of 2.3 crore equity shares. The issue, with a price band of Rs 129-135 per share, will open for public subscription on January 30 and conclude on February 1. At the upper end of the price band, the IPO will mobilise Rs 311 crore. The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others. The money will also be used to fu

Street signs: P-notes surge, grey market frenzy, and Zee exposure trim

Shares of BLS E-Services, an e-governance services enabler, are in high demand in the grey market ahead of its Rs 311 crore initial public offering (IPO)

BLS International net profit in Q2 rises nearly 61% to Rs 82 crore

Visa and consular services provider BLS International Services has posted a 60.81 per cent jump in its profit to Rs 82 crore in the second quarter of the current fiscal. The New Delhi-headquartered company's profit after tax (PAT) was Rs 50.99 crore during July-September quarter of 2022-23. According to the company's stock exchange filing, for the quarter that ended September 30, 2023, consolidated revenue rose 14.3 per cent year-on-year to Rs 407.7 crore, while operating EBITDA witnessed a growth of 52.7 per cent to Rs 86.7 crore. "Despite revenue growth of 14.3 per cent year-on-year in the quarter, our EBITDA and PAT witnessed robust growth of 52.7 per cent and 60.8 per cent year-on-year, respectively," said Shikhar Aggarwal, Joint Managing Director, BLS International Services. Favourable business mix resulted in the expansion of EBITDA margins, which sustained above the 20 per cent mark this quarter, he said. The company continues to be one of the world's top three visa and ...

Adjusting diplomatic staff in India after social media threats: Canada

With both nations expelling a diplomat each, analysts said relations between the two countries have touched the lowest point

BLS Int'l, PSB Alliance partner to offer advanced doorstep banking services

Global tech-enabled services firm BLS International on Monday said it has formed a strategic partnership with PSB Alliance, a prominent company formed by public sector banks (PSBs), to provide advanced doorstep banking services (DSB). Under the partnership, BLS International's expertise and cutting-edge technology will facilitate doorstep banking services for PSBs, it added. The initial rollout will be in 58 cities, with plans for a seamless expansion to all regions and the company is committed to elevate customer experience and accessibility to all the 12 public sector banks under the PSB Alliance, it added. "This collaboration is expected to bring about a paradigm shift in the way banking services are available in the country. The partnership reflects a commitment to stay at the forefront of this transformation and offer cutting-edge services that meet the needs of today's tech-savvy and diverse customer base. "The DSB will not only enhance customer convenience but also align wit

BLS E-Services files draft papers with Sebi to garner funds via IPO

BLS E-Services Ltd has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The company is a subsidiary of BLS International Services Ltd, which offers visa and consular services. The IPO comprises a fresh issue of 2.41 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be utilized for strengthening technology infrastructure to develop new capabilities and consolidating existing platforms. In addition, fresh capital will be used for funding initiatives for organic growth by setting up BLS Stores, achieving inorganic growth through acquisitions, and general corporate purposes. BLS E-Services Ltd is a leading technology-enabled digital service provider, offering business correspondent services to major banks in India, assisted e-services; and e-governance services at grass root levels in India. The company provides a

BLS e-services integrates UMANG into its e-governance digital platform

BLS E-Services Ltd on Tuesday said it has integrated UMANG into its platform, a move that will help the firm to offer more than 500 e-governance services. The company is a subsidiary of BLS International Service, which provides visa and consular services. The collaboration with the National e-Governance Division (NeGD) aims to ensure wider accessibility of the Unified Mobile Application for New-age Governance (UMANG) services for citizens, facilitated through agents or human-assisted platforms, BLS International said in a release. UMANG is a digital platform launched by the Centre that offers a convenient and secure way for citizens to access a range of government services and information. BLS E-Services platform will provide a channel for citizens across India and overseas where they can avail major state and central e-governance services in multiple regional languages, the release said. Currently, UMANG has over 1 lakh global and 5.38 crore national users. With the integration

BLS International hits new high; soars 9% on proposed IPO of BLS E-Services

BLS International recently consolidated its banking correspondence and e-Governance businesses into a Digital Services segment, which is operated through BLS E-Services.

BLS International Services plans Rs 2,000 cr investment: JMD Aggarwal

BLS International Services is planning to invest Rs 2,000 crore over the next three years in the domestic and international markets, its Joint MD Shikhar Aggarwal has said. BLS International Services provides numerous tech-enabled services to governments and individuals in various geographies. "We have plans to invest over Rs 2,000 crore in domestic and global markets to increase our presence. We will continue to tap business opportunities which come our way," Aggarwal told PTI in reply to a question on the company's growth plans. The investments will be made in a phased-manner over the next three years till FY2025-26, he added. When asked about the funding source, Aggarwal said, "It will be sourced from both internal and external sources like debt etc". The funds will be utilised towards a few strategic acquisitions, which BLS International is eyeing in India and some of the European nations, to increase its presence. The company is also eyeing fresh contracts to further strengt

BLS International profit jumps over 2-fold to Rs 76.73 cr for Jan-Mar

BLS International on Thursday reported a more than two-fold jump in its consolidated net profit at Rs 76.73 crore for the quarter ended March. Its net profit stood at Rs 35.20 crore in the year-ago period, the company said in a statement. BLS International is into visa and consular services. The company's operational revenue rose 77 per cent to Rs 448.63 crore in the fourth quarter of last fiscal from Rs 253.84 crore in the corresponding period of the previous year. For the full 2022-23 fiscal, the company's net profit rose 84 per cent to 204.27 crore from Rs 111.20 crore in the previous year. The operational income increased 78 per cent to 1,516.19 crore in the last fiscal from Rs 849.89 crore in 2021-22. Commenting on the company's performance, Shikhar Aggarwal, Joint Managing Director, BLS International, said: "The Company has reported its highest ever quarterly revenue while maintaining EBITDA levels. We are seeing robust growth coming in from our visa & consular services, ..