BLS Polymers IPO
Mainboard IPO · Opens Tue 27 Oct · price band ₹142–₹150
Key points
- All ₹255 cr is new money for the company. Main use: funding working capital requirements of the company (₹89.5 cr).
- GMP ₹35 (+23.3%) over ₹150. Unofficial, changes often.
- FY26: income ₹354 cr (+5.3%), profit ₹27.01 cr (+27.8%).
Timetable
- OpensTue 27 Oct
- ClosesThu 29 Oct
- AllotmentFri 30 Oct
- RefundMon 2 Nov
- Shares in dematMon 2 Nov
- ListingTue 3 Nov
Dates after the closing day are tentative and can shift by a day.
Why is BLS Polymers raising money?
What the new money will be used for
- Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of the existing products₹77.56 cr
- Funding working capital requirements of the Company₹89.5 cr
- General Corporate Purposesamount not fixed
Grey market premium (GMP)
Unofficial. GMP is what traders in an unregulated market say they will pay before listing. No exchange publishes it, it can change several times a day and it is often wrong on listing day. Range from 2 market websites, checked 22 Oct 2026, 06:44 PM IST.
About BLS Polymers
BLS Polymers Ltd. manufactures specialised polymer compounds used in wires, cables and underground pipelines. Its products include HDPE, MDPE, LLDPE, XLPE, PVC, HFFR, cable filling compounds and adhesive coating compounds, catering to industries such as power, telecommunications, railways, water, and oil and gas.
The company operates a manufacturing facility in Goa, spread across approximately 24,220 sq. metres and equipped with 11 machines. It has an in-house laboratory, a quality control team and ISO 9001:2015 certification. The company also develops customised products to meet specific customer requirements.
BLS Polymers serves more than 190 customers and exports its products to countries including Bangladesh, Egypt, Saudi Arabia, the UAE, the USA and Zambia.
Financials (₹ crore)
BLS Polymers Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 28% between the years ending March 31, 2026 and March 31, 2025.
| ₹ crore | Jun 2026 | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| Total Income | 108 | 354 | 337 | 302 |
| Profit After Tax | 10 | 27 | 21 | 8 |
| EBITDA | 16 | 47 | 40 | 21 |
| Net worth | 105 | 95 | 68 | 47 |
| Borrowing | 63 | 52 | 74 | 94 |
| Assets | 231 | 206 | 179 | 168 |
Restated figures from the offer document. A part-year period (for example 3 months to June) is not comparable with a full year.
Valuation and returns
| Jun 2026 | Mar 2026 | |
|---|---|---|
| ROE | 10.22% | 33.17% |
| ROCE | 9.11% | 29.51% |
| Debt/Equity | 0.61 | 0.56 |
| RoNW | 9.73% | 28.45% |
| PAT Margin | 9.56% | 7.73% |
| EBITDA Margin | 15.15% | 13.33% |
| NAV | 23.35 | 21.08 |
| P/B (x) | 6.42 | 7.12 |
P/E = price ÷ earnings per share. A negative P/E means the company made a loss. Compare with listed peers in the same business before reading much into it.
Promoters: Vinod Aggarwal, Sushil Aggarwal, Madhukar Aggarwal, Diwakar Aggarwal and Karan Aggarwal.
Issue details
- Price band
- ₹142–₹150
- Lot size
- 100 shares
- Minimum investment
- ₹15,000 (1 lot at ₹150)
- Total issue size
- ₹255 cr (1.70 crore shares)
- Fresh issue / OFS
- Fresh capital only
- Face value
- ₹10 per share
- Reserved for
- –
- Anchor investors
- –
- Employee discount
- –
- Retail limit
- up to ₹2,00,000
- UPI mandate deadline
- 29-Oct-2026 (up to 5:00 PM)
- Listing on
- BSE, NSE
- Lead managers
- Unistone Capital Private Limited
- Registrar (allotment status)
- KFin Technologies Limited · blsploymers.ipo@kfintech.com
Offer document (RHP) on NSE: download. It is long; the "Objects of the Offer" and "Risk Factors" chapters matter most.
Quick answers
Does BLS Polymers get the IPO money?
Partly or fully: ₹255 cr is a fresh issue that goes to the company.
What is the minimum investment in the BLS Polymers IPO?
One lot of 100 shares, which costs ₹15,000 at the upper price of ₹150.
When will BLS Polymers list?
The tentative listing date is Tue 3 Nov, with allotment on Fri 30 Oct.
Company figures are from the offer document as summarised by market websites; issue details and subscription are from NSE. Updated 22 Oct 2026, 06:44 PM IST. Education only, not investment advice. Read the offer document, especially the risk factors, before applying. All IPOs →