1,060 Views| 23 Oct 2026
BLS Polymers IPO Details
Issue Date
27 Oct - 29 Oct'26
Price Band
₹142 - ₹150
Lot Size
100 Shares
IPO Size
₹255 Cr
Listing At
NSE,BSE
Overall Subscription
--x
Schedule of BLS Polymers IPO
IPO Open Date
27/10/2026
IPO Close Date
29/10/2026
Basis of Allotment
30/10/2026
Refund Initiation
02/11/2026
Credit of Shares
02/11/2026
Listing on exchange
03/11/2026
About BLS Polymers IPO
BLS Polymers IPO, a Mainboard IPO, opens on October 27, 2026 and closes on October 29, 2026. The allotment of shares will take place on October 30, 2026. The listing of shares will take place on November 3, 2026 on the BSE and NSE.
BLS Polymers IPO's price band is set at ₹142 to ₹150 per share. The lot size for an application is 100 shares. The minimum amount of investment required by a retail individual investor is ₹15,000 (100 shares) based on upper price.
The offer consists of a fresh issue component. The fresh issue will include 1,70,00,000 shares aggregating up to ₹255 crore.
BLS Polymers is engaged in the manufacturing of multiple grades of polymer compounds, serving a wide range of critical industries including telecommunications, power, railways, water supply, and oil and gas distribution.
BLS Polymers IPO Objectives
- Financing the capital expenditure requirement towards expansion of their existing manufacturing facility at Goa (Manufacturing Facility) by increasing the manufacturing capacity of certain of their existing products.
- Funding working capital requirements of the company.
- General corporate purposes.
BLS Polymers IPO Application Details
Detail | Information |
|---|---|
Upper Price Band | ₹150 |
Fresh Issue | 1,70,00,000 shares (aggregating up to ₹255 crore) |
EPS Diluted (in ₹) for FY 26 | 5.99 |
BLS Polymers IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 100 | ₹15,000 |
Retail (Max) | 13 | 1300 | ₹1,95,000 |
S-HNI (Min) | 14 | 1400 | ₹2,10,000 |
S-HNI (Max) | 66 | 6600 | ₹9,90,000 |
B-HNI (Min) | 67 | 6700 | ₹10,05,000 |
BLS Polymers IPO Shares Offered and Reservation
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
BLS Polymers Anchor Investor Bidding Date
Monday, October 26, 2026
About BLS Polymers
BLS Polymers is a manufacturer of multiple grades of custom formulated polymer compounds, catering to diversified critical industries such as telecommunication, power, railways, water, oil and gas distribution, among others. Polymer compounds are used as an essential raw material for sheathing, jacketing and insulation of wires and cables used in power, telecommunication and railway industries as well as coating of underground oil, gas and water pipelines, in order to provide a protective infrastructure from corrosion and external environmental factors. . Their product portfolio is well diversified to offer varied solutions in the wire and cables and infrastructure industry, and includes products such as high density polyethylene compounds (HDPE), medium-density polyethylene compounds (MDPE) and linear low-density polyethylene compounds (LLDPE), cross-linked polyethylene compounds (XLPE), halogen free flame retardant compounds (HFFR), polyvinyl chloride compounds (PVC), cable filling compounds (CFC) and adhesive coating compounds. Its products are integral to high-performance applications in critical industries, such as oil, gas and water, among others.
Company Financials
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Revenue from Operations | 349.43 | 328.44 | 296.36 |
Total Equity and Liabilities | 206.13 | 179.14 | 168.49 |
Return on Net Worth (%) | 28.45 | 31.11 | 16.06 |
Note: All financial figures are in ₹ crore. Figures in () indicate negative values.
Strengths
- Enlisted with prominent government agencies with pre-approved product portfolio.
- Diversified industry applications with differentiated product portfolio.
- Long-standing relationships with their customers.
- Pan-India market presence.
- Integrated product development capabilities.
- Industry tailwinds.
- Experienced promoters and senior management team.
Risks
- Any loss of sales due to reduction in demand for wire and cable polymer compounds.
- The loss of any of the company’s top 10 customers.
- Any loss of, or a significant reduction in the repeat orders.
- Any fluctuation in prices of raw materials.
- Any shutdown of its Manufacturing Facility or other production problems caused by unforeseen events.
- Inability to meet the changing preferences of its customers or the inability to accurately predict and successfully adapt to changes in market demand.
Profit & Loss
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 354.41 | 336.70 | 301.50 |
Profit Before Tax | 35.98 | 28.27 | 9.69 |
Profit After Tax | 27.01 | 21.14 | 7.52 |
EPS (Diluted) ₹ | 5.99 | 4.69 | 1.67 |
EBITDA | 46.59 | 39.66 | 21.05 |
Note: All financial figures are in ₹ crore. Figures in () indicate negative values.
Balance Sheet
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Profit Before Tax | 35.98 | 28.27 | 9.69 |
Net Cash from Operating Activities | 38.06 | 25.13 | 2.65 |
Net Cash from Investing Activities | (6.36) | 0.58 | (0.71) |
Net Cash from Financing Activities | (31.05) | (25.72) | (2.24) |
Cash & Cash Equivalents | 0.67 | 0.01 | 0.02 |
Note: All financial figures are in ₹ crore. Figures in () indicate negative values.
Business Model
The company earns its revenue through manufacturing multiple grades of custom-formulated polymer compounds, catering to diversified critical industries such as telecommunication, power, railways, water, oil and gas distribution, among others.
Growth Trajectory
BLS Polymers' Total Income for FY 26 was ₹354.41 crore, whereas in FY25 and FY 24 it was ₹336.70 crore and ₹301.50 crore, respectively.
The Profit After Tax for FY 26 was ₹27.01crore, whereas in FY 25 and FY 24 it was ₹21.14crore and ₹7.52 crore, respectively.
Their EBITDA for FY 26 was ₹46.59 crore, whereas in FY 25 and FY 24 it was ₹39.66 crore and ₹21.05 crore, respectively.
Market Position
Owing to the company’s longstanding market presence and diversified product portfolio, it has established a PAN-India market presence. During the three months period ended June 30, 2026 and the preceding three Fiscals, its operations were spread across 23 states/union territories. It has also established an international market presence by exporting to countries such as, Bangladesh, Egypt, Oman, Saudi Arabia, Turkey, United Arab Emirates, United States of America and Zambia.
Industry Outlook
Polymer compounding in India represents a crucial segment of the polymer industry, serving as a vital link between raw polymer manufacturers and end-product manufacturers. The Indian polymer compounding market has experienced consistent growth over the past few years, driven by increasing demand across various end-use industries. The growth has been fuelled by rapid industrialisation, rising demand from the automotive, construction and infrastructure, packaging, telecommunications, electrical & electronics, wires & cables industries, and an increasing shift toward lightweight and high-performance polymer materials. The market is expected to grow at a CAGR of ~8.2% from 2024 to 2029, reaching a value of USD 1,341.5 crore (Source: CRISIL Report).
Peer Comparison
Company Name | Revenue from Operations (Cr) | P/E ratio | EPS (Diluted) (₹) | NAV per share (₹) |
|---|---|---|---|---|
BLS Polymers | 349.43 | - | 5.99 | 21.08 |
Kingfa Science & Technology (India) Limited | 1995.55 | 46.25 | 144.10 | 1,155.40 |
DDev Plastiks Industries Limited | 2947.87 | 12.97 | 19.50 | 97.93 |
BLS Polymers IPO Registrar Details & Book Manager
Registrar Details
Kfin Technologies Ltd.
Phone: 040-79615565
Email: blsploymers.ipo@kfintech.com
Book Running Lead Manager
- Unistone Capital Pvt.Ltd.
Company Contact Details
604, Indra Prakash, 21, Barakhamba Road, Delhi, New Delhi, 110001
Phone: +91 114 352 6312
Email: corporate@blspolymers.com
How to Apply for BLS Polymers IPO?
- Log in to your Kotak Neo account on the app/web and go to the "IPO" section.
- Select the IPO to review details such as the price band and issue size.
- Tap "Apply for IPO", select your category, and enter lots and bid price or choose the cut-off option.
- Enter your valid UPI ID or choose ASBA to block funds in your linked bank account.
- Submit the application and approve the mandate request sent to your UPI app to block funds.
BLS Polymers IPO FAQs
The BLS Polymers IPO opens for subscription from 27-10-2026 to 29-10-2026, with a total issue size of ₹255 Cr. The IPO price band is ₹142 to ₹150 per share with a lot size of 100. The company aims to list the shares on BSE & NSE on 03-11-2026.
The BLS Polymers IPO will open for subscription on 27-10-2026 and will close on 29-10-2026 for investors.
The minimum lot size for the BLS Polymers IPO is 100 equity shares, requiring a minimum investment of ₹15000 for retail investors applying in the IPO.
The price band of the BLS Polymers IPO has been fixed at ₹142 to ₹150 per equity share.
You can apply for the BLS Polymers IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
BLS Polymers IPO allotment will take place on 30-10-2026.
You can check the BLS Polymers IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
BLS Polymers shares will list on the stock exchanges on 03-11-2026.
You can find detailed information about the BLS Polymers IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Related News
- Paras Healthcare IPO Allotment Status: Check Online on MUFG Intime India, NSE & BSE for Live Updates
1,045 Views| 23 Oct 2026 - 1,096 Views| 23 Oct 2026
- 1,047 Views| 23 Oct 2026
- 1,000 Views| 23 Oct 2026
- 1,034 Views| 23 Oct 2026
- 1,047 Views| 23 Oct 2026
- 1,071 Views| 23 Oct 2026
- 1,031 Views| 22 Oct 2026
- 1,021 Views| 21 Oct 2026
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Neo Research Team, nor is it a report published by the Kotak Neo Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.
