- Summary
- BLS Polymers IPO is issuing 1,70,00,000 equity shares in a mainboard IPO opening from 27 October to 29 October 2026.
- The IPO has a price band of ₹142 to ₹150 per share and a lot size of 100 shares.
- The tentative listing of the IPO shares is set to be on 3 November 2026.
The BLS Polymers IPO is a book-built IPO. It is scheduled to open for subscription on 27 October 2026 and close on 29 October 2026. The company is offering 1,70,00,000 fresh equity shares with a face value of ₹10 each. The price band is ₹142 to ₹150 per share, and the lot size is 100 shares, requiring a minimum investment of ₹15,000 at the upper price band. The total issue size is approximately ₹255 crore, and the shares are proposed to be listed on the BSE and NSE. The tentative allotment date is 30 October 2026, and the expected listing date is 3 November 2026.
BLS Polymers IPO Key Details
The table below presents the essential details investors should know before applying for the BLS Polymers IPO.
| IPO Open Date | 27 October 2026 |
| Close Date | 29 October 2026 |
| Face value | ₹10 per share |
| Price Band | ₹142 to ₹150 |
| IPO Lot Size | 100 shares |
| Fresh issue | 1,70,00,000 shares |
| Offer for Sale | _ |
| Type of issue | Mainboard |
| Listing at | BSE and NSE |
| Total Issue Size (₹ Crore) | ₹255 cr approx |
| Minimum Investment | 1 lot (100 shares) |
BLS Polymers IPO Timeline
Below is the complete schedule of events for the BLS Polymers IPO.
| Bid Opening | 27 October 2026 |
| Bid Closing | 29 October 2026 |
| Tentative Allotment | 30 October 2026 |
| Initiation of Refunds | 02 November 2026 |
| Credit of Shares to Demat | 02 November 2026 |
| Tentative Listing Date | 03 November 2026 |
| UPI mandate closing date | 29 October 2026 |
Key Performance Indicators of BLS Polymers IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 33.17 | 36.83 | 17.48 |
| ROCE (%) | 29.51 | 25.46 | 12.84 |
| Debt Equity (in times) | 0.56 | 1.11 | 2.05 |
| RoNW (%) | 28.45 | 31.11 | 16.06 |
| PAT Margin (%) | 7.73 | 6.44 | 2.54 |
| EBITDA margin (%) | 13.33 | 12.08 | 7.10 |
| Price to book | 7.12 | – | – |
BLS Polymers IPO Financial Details
The Financial information of the BLS Polymers IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 349.43 | 328.44 | 296.36 |
| Total Asset | 206.13 | 179.14 | 168.49 |
| Profit | 27.01 | 21.14 | 7.52 |
(Amount in ₹ Crores)
BLS Polymers IPO Subscription Status
The subscription data will be available once bidding begins.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
BLS Polymers IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the BLS Polymers IPO shows a GMP of ₹35 with an estimated listing price of ₹185.
| GMP Date | GMP | Est. Listing Price on upper price-₹150.00 | Est. Profit* | Trend |
| 24-Oct 12:37 | ₹33 (22.00%) ▼ | ₹183 | ₹3,300 | Stable |
| 23-Oct 23:37 | ₹38 (25.33%) ─ | ₹188 | ₹3,800 | Stable |
| 22-Oct 23:37 | ₹38 (25.33%) ▲ | ₹188 | ₹3,800 | Upward |
| 21-Oct 23:37 | ₹30 (20.00%) ─ | ₹180 | ₹3,000 | Stable |
| 20-Oct 23:37 | ₹30 (20.00%) ▲ | ₹180 | ₹3,000 | Stable |
| 19-Oct 23:37 | ₹18 (12.00%) ─ | ₹168 | ₹1,800 | Initial |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
BLS Polymers IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares |
| QIBs | Not more than 50% of the issue |
| NIIs | Not less than 15% of the issue |
| Retails | Not less than 35% of the issue |
| Total | 100% |
BLS Polymers IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount |
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹1,95,000 |
| sHNI (Min) | 14 | 1,400 | ₹2,10,000 |
| sHNI (Max) | 66 | 6,600 | ₹9,90,000 |
| bHNI (Min) | 67 | 6,700 | ₹10,05,000 |
BLS Polymers IPO Prospectus
Investors can access the offered prospectus for the BLS Polymers IPO mentioned below.
About BLS Polymers Ltd.
BLS Polymers Limited was established in 1991 and manufactures polymer compounds used in wires, cables, and industrial pipelines. Its products help insulate and protect cables and protect pipelines from corrosion, moisture, and other external damage. The company’s product range includes polyethylene (PE), polyvinyl chloride (PVC), cross-linked polyethylene (XLPE), flame-retardant compounds, and cable-filling compounds. Its manufacturing facility is located in Goa, near a port that supports the movement of raw materials and finished products. The company serves industries such as power, telecommunications, railways, water, and oil and gas.
Promoters:
- Vinod Aggarwal
- Sushil Aggarwal
- Madhukar Aggarwal
- Diwakar Aggarwal
- Karan Aggarwal
| Book Runner | Unistone Capital Pvt. Ltd. |
| Issue Registrar | Kfin Technologies Ltd. |
Objectives of BLS Polymers IPO
The objectives of the BLS Polymers IPO are given below.
| Particulars | Amount in ₹ crores |
| Funding for capital expenditure on manufacturing facility | 77.56 |
| Funding for working capital | 89.50 |
| General corporate purposes | _ |
| Total | _ |
BLS Polymers Ltd.- Strengths and benefits
- Diverse products: The company makes different polymer compounds for wires, cables, and pipelines. This allows it to serve several industrial applications.
- Experienced enterprise: Since its establishment in 1991, the company has accumulated several decades of experience in manufacturing polymer compounds.
- Approvals from government agencies: Some of its products have been enlisted by government-related organisations. These approvals can help the company qualify for specific projects and customer requirements.
BLS Polymers Ltd- Risks and limitations
- Dependence on wire and cable products: Wire and cable polymer compounds contributed 80.93% of revenue in FY2026. A fall in demand for these products could affect the company’s revenue and profits.
- Top customer dependence: The company’s top 10 customers contributed 66.81% of revenue in FY2026. Losing a major customer or receiving fewer orders could affect its financial performance.
- Manufacturing facility dependence: Its manufacturing operations are concentrated in Goa. Any major disruption at this facility could affect production and deliveries.
BLS Polymers IPO Review
The BLS Polymers IPO is a book-building mainboard IPO, which will issue 1,70,00,000 fresh equity shares. The company aims to raise an amount of ₹255 crore approximately. It will open on 27 October 2026 and close on 29 October 2026, with a price band of ₹142 to ₹150 each share. The lot size is given as 100 shares. Therefore, investors must apply for at least 1 lot or ₹15,000 in the upper price band. The allotment of shares is expected to be on 30 October 2026, and refunds and shares credited to demat accounts are expected for 2 November 2026. The IPO shares are expected to list on the BSE and NSE platforms on 3 November 2026.
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BLS Polymers IPO FAQs
The BLS Polymers IPO is a mainboard public issue through which BLS Polymers Limited plans to raise approximately ₹255 crore by issuing 1.70 crore fresh equity shares. The shares are proposed to be listed on the BSE and NSE.
Investors can apply through a supported broker or IPO application platform using their demat account and UPI ID. They need to select the IPO, enter the number of lots and bid price, submit the application, and approve the UPI mandate before the deadline. The application amount remains blocked in the bank account until the allotment process is completed.
The BLS Polymers IPO has potential benefits, including an established business, a range of industrial products, and improved financial performance. However, the company also faces risks from customer concentration, dependence on wire and cable products, and raw material costs. Investors should assess its valuation and financial performance before deciding whether to apply.
The BLS Polymers IPO is scheduled to open for subscription on 27 October 2026 and close on 29 October 2026.
The lot size is 100 shares. At the upper price band of ₹150 per share, the minimum application amount is ₹15,000.
The tentative allotment date for the BLS Polymers IPO is 30 October 2026.
The tentative allotment date for the BLS Polymers IPO is 3 November 2026.
