AI Evaluation Notes

The prediction was that proceeds from the BLS eServices IPO would be used to strengthen technology infrastructure, fund organic growth (setting up BLS stores), and pursue inorganic growth through acquisitions. Based on the Q3FY26 monitoring agency report, BLS eServices has been utilizing IPO proceeds for technology infrastructure development, completing acquisitions, and for general corporate purposes. As of February 12, 2026, 154.42 lakh quarterly utilization was reported for technology infrastructure. Acquisitions objective was completed in December 2024. BLS Stores setup has not yet commenced. BLS eServices acquired a 55% stake in Aadifidelis Solutions. BLS E-Services has over 1,51,000 touchpoints as of Q3FY26. The current stock price as of February 12, 2026, is Rs 166.40. The prediction is essentially correct.