November 23, 2024 06:51 (IST)
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BLS International listed on National Stock Exchange, closes at Rs 875 today
New Delhi, Jun 15 (IBNS): BLS International Services, a specialist provider for Outsourcing of Visa, Passport and Attestation Services to the Client Governments across the world has been listed on National Stock Exchange from Tuesday.
The company is traded under symbol “BLS” and ISIN INE153T01019.
The stock opened at Rs 895, traded at day’s high of Rs 939 and closed at Rs 875, up by 22% as compared to last traded price of Rs 718.95 before listing. Total traded volume was 6623 shares and value of Rs. 57.73 lacs.
BLS has operations in more than 22 countries and is providing services through 101 offices worldwide. It handles close to 3 Million applications annually. In last three years (2012-20115), company has increased its competence by doubling its application processing services.
BLS enjoys Numero Uno position with respect to visa/passport process outsourcing contracts of Indian diplomatic missions currently working with 20 Indian diplomatic missions. The company is also working with Hungary and many other foreign diplomatic missions. It is enlisted with 23 missions spread across Asia, Africa, Europe, Middle East, North America, a company statement claimed.
BLS is also an authorized Service Provider for attestation of documents by the Ministry of External Affairs, India. It also serves the Embassy of the State of Kuwait and High Commission of Malaysia and several others in the field of Visa/Attestation of Documents/Apostille in India.
Speaking at the occasion, Diwakar Aggarwal, Managing Director, BLS International said, “Listing on National Stock Exchange is an important milestone for the company. As a public traded company, it reposes responsibility towards new shareholders and enhanced corporate governance. We will strive to improve shareholder value in coming years.”
For the year ended March 2016, BLS International reported revenue of Rs 505.5 crore and net profit of Rs 30.96 crore, growth of 12.2% and 30.9% respectively as compared to previous year. On an equity capital of Rs 10.24 crore (face value of Rs10), Earnings per share for FY2016 is Rs 30.17 and a book value of Rs 116 per share.
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