BLS Polymers IPO
Updated 20 Oct 2026, 6:50 pm.
Minimum investment (Retail)
₹15,000
1 lot · 100 shares at the upper price band
Price band
₹142–150
Latest GMP
₹18.50
+12.3% of the ₹150 upper band
Est. listing price
₹155
Issue size
₹255 Cr
Allotment status
Allotment is due on 30 Oct 2026. Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised30 Oct 2026(upcoming)
- Refunds start2 Nov 2026(upcoming)
- Shares credited to demat2 Nov 2026(upcoming)
- Listing3 Nov 2026(upcoming)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 20 Oct 2026, 6:50 pm | ₹19 | ₹155 |
| 20 Oct 2026, 6:45 pm | ₹0 | ₹155 |
| 20 Oct 2026, 1:50 pm | ₹14 | ₹155 |
| 20 Oct 2026, 1:45 pm | ₹0 | ₹155 |
| 20 Oct 2026, 8:50 am | ₹9 | ₹155 |
| 20 Oct 2026, 8:45 am | ₹0 | ₹155 |
| 19 Oct 2026, 6:50 pm | ₹10 | ₹155 |
| 19 Oct 2026, 6:45 pm | ₹0 | ₹155 |
| 19 Oct 2026, 1:50 pm | ₹10 | ₹155 |
| 19 Oct 2026, 1:45 pm | ₹0 | ₹155 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹142–150
- Issue size
- ₹255 Cr
- Lot size
- 100
- Opens
- 27 Oct 2026
- Closes
- 29 Oct 2026
- Allotment
- 30 Oct 2026
- Listing
- 3 Nov 2026
- Est. listing price
- ₹155
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹15,000 (1 lot · 100 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Fresh issue
- ₹255 Cr
- Listing at
- BSE, NSE
- Refunds
- 2 Nov 2026
- Shares credited
- 2 Nov 2026
- Promoter holding
- 98.53% before · 71.53% after
- Lead managers
- Unistone Capital Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 20 Oct 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 27 to 29 Oct, 2026 |
|---|---|
| Listing Date | Tue, Nov 3, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | ₹142 to ₹150 |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,70,00,000 shares (agg. up to ₹ 255 Cr) |
|---|---|
| Fresh Issue | 1,70,00,000 shares (agg. up to ₹ 255 Cr) |
| Share Holding Pre Issue | 4,50,31,834 shares |
| Share Holding Post Issue | 6,20,31,834 shares |
IPO Timetable (Tentative)
- IPO Open
- Tue, Oct 27, 2026
- IPO Close
- Thu, Oct 29, 2026
- Allotment
- Fri, Oct 30, 2026
- Refund
- Mon, Nov 2, 2026
- Credit of Shares
- Mon, Nov 2, 2026
- Listing
- Tue, Nov 3, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Issue |
| Retail | Not less than 35% of the Issue |
| NII | Not less than 15% of the Issue |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,400 | ₹2,10,000 |
| S-HNI (Max) | 66 | 6,600 | ₹9,90,000 |
| B-HNI (Min) | 67 | 6,700 | ₹10,05,000 |
Investors can bid for a minimum of 100 shares and in multiples thereof.
About BLS Polymers Ltd.
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.
Its proximity to Mormugao Port supports the import of raw materials and export of finished products.
Competitive Strengths
Government Approvals: Enlisted with prominent government agencies with a pre-approved product portfolio.
Diversified Product Portfolio: Caters to multiple industries with specialised polymer compounds.
Established Customer Relationships: More than 100 customers have been associated with the company for over three years.
Wide Market Presence: Serves customers across India and international markets.
Product Development Capabilities: Develops customised polymer compounds to meet specific industry and customer requirements.
Company Financials (Restated Consolidated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 231.34 | 206.13 | 179.14 | 168.49 |
| Total Income | 107.81 | 354.41 | 336.70 | 301.50 |
| Profit After Tax | 10.23 | 27.01 | 21.14 | 7.52 |
| EBITDA | 16.21 | 46.60 | 39.66 | 21.05 |
| NET Worth | 105.17 | 94.93 | 67.94 | 46.83 |
| Reserves and Surplus | 60.14 | 49.90 | 58.34 | 37.23 |
| Total Borrowing | 62.91 | 51.72 | 73.92 | 93.77 |
| Amount in ₹ Crore |
BLS Polymers Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Plastic Products - Industrial
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Manika Plastech Ltd. | Mainboard | ₹125.50 Cr | ₹43 | 18.22 | ₹43.14 | +0.33% | ₹48.31 |
| Shree TNB Polymers Ltd. | SME | ₹31.80 Cr | ₹53 | 11.4 | ₹57.00 | +7.55% | ₹53.00 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of the existing products | 77.56 |
| 2 | Funding working capital requirements of the Company | 89.50 |
| 3 | General Corporate Purposes | — |
| Total | 167.06 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
ROE
ROCE
RoNW
PAT Margin
EBITDA Margin
| KPI | Jun 30, 2026 | Mar 31, 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 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.00 | 6.60 |
| P/E (x) | 25 | 22.73 |
| Market Cap at Offer Price | ₹675.48 Cr. | ₹930.48 Cr. |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group98.53%
- Public1.47%
Post IPO
- Promoter and Promoter Group71.53%
- Public28.47%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 98.53% | 71.53% |
| Public | 1.47% | 28.47% |
| Total | 100% | 100% |
Company Promoters: Vinod Aggarwal, Sushil Aggarwal, Madhukar Aggarwal, Diwakar Aggarwal and Karan Aggarwal.
BLS Polymers IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Kfin Technologies Ltd.
040-79615565
blsploymers.ipo@kfintech.com
IPO Lead Manager(s)
Unistone Capital Pvt.Ltd.
Contact Details
BLS Polymers Ltd. Address
604, Indra Prakash,
21, Barakhamba Road
Delhi, New Delhi , 110001
+91 114 352 6312
corporate@blspolymers.com
BLS Polymers IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
BLS Polymers ₹255-cr IPO to open on October 27; price band fixed at ₹142-150
TradingView · 19 Oct 2026
BLS Polymers IPO: Firm Expected To Raise Rs 255 Crore; Price Band Of Rs 142—Rs 150
NDTV Profit · 19 Oct 2026
BLS Polymers IPO Opens Oct 27: Price Band Rs 142-150
Rediff MoneyWiz · 19 Oct 2026
BLS Polymers opens ₹255cr IPO Oct 27-29 offering 1.7cr shares
NewsBytes · 19 Oct 2026
BLS Polymers to launch Rs 255-crore IPO on October 27; sets price band at Rs 142–150 per share
Moneycontrol.com · 19 Oct 2026
BLS Polymers Ltd IPO Date: Check Issue Date, Price, Lot size, Subscription, News and Details - Moneycontrol
Moneycontrol.com · 19 Oct 2026
BLS Polymers IPO opens Oct 27: Check price band, lot size and key dates
Upstox · 19 Oct 2026
BLS Polymers IPO DRHP: ₹167.06 crore fresh issue; revenue at ₹349.43 crore
scanx.trade · 19 Oct 2026
BLS Polymers: common questions
Answered from this issue's own record.
