BLS Polymers

BLS Polymers

LIVE

IPO Date: 27 Oct - 29 Oct 2026

Listing Date: 3 Nov 2026

Price Range

₹142 to ₹150

Issue Size

255 Cr

Min Investment

₹14,200

Min Application

100 Shares

View IPO Document

Schedule of BLS Polymers

  1. Issue open date

    27 Oct 2026

  2. Issue close date

    29 Oct 2026

  3. UPI mandate deadline

    29 Oct 2026 (5 PM)

  4. Allotment finalization

    30 Oct 2026

  5. Share credit

    2 Nov 2026

  6. Listing date

    3 Nov 2026

  7. Mandate end date

    13 Nov 2026

Issue size

Funds Raised in the IPOAmount
Overall255 Cr
Fresh Issue1.7 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date30 Oct 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
26 Oct 2026Latest₹150₹40₹190(+26.67%)
25 Oct 2026₹150₹38₹188(+25.33%)
24 Oct 2026₹150₹38₹188(+25.33%)
23 Oct 2026₹150₹38₹188(+25.33%)
22 Oct 2026₹150₹38₹188(+25.33%)
21 Oct 2026₹150₹30₹180(+20%)
20 Oct 2026₹150₹30₹180(+20%)
19 Oct 2026₹150₹18₹168(+12%)

Performance BLS Polymers

Issue PriceListing GainCurrent Market PriceP/L
₹142 to ₹150............

About BLS Polymers

is an Indian manufacturer of specialised polymer compounds used in wire and cable insulation, sheathing, jacketing, and protective coatings for underground oil, gas, and water pipelines. Incorporated in 1991, the company supplies products to the power, telecommunications, railway, and infrastructure industries. Its product portfolio includes PVC, polyethylene, XLPE, HFFR, cable-filling compounds, and adhesives for three-layer polyethylene pipe coatings. The company operates a manufacturing facility in Goa and serves domestic customers as well as international markets. It also undertakes trading activities involving polymer raw materials.

Founded in1991
Managing directorKaran Aggarwal
Parent organization

Financial Overview

Strengths

5
  1. 1

    Specialised manufacturing expertise. BLS Polymers produces customised polymer compounds requiring specific formulations, technical properties, and quality standards. This expertise may help the company maintain relationships with industrial customers.

  2. 2

    Exposure to essential industries. Its products are used in power cables, telecommunications, railway infrastructure, and oil, gas, and water pipelines. Demand from these sectors can support long-term business opportunities.

  3. 3

    Diversified product portfolio. The company manufactures PVC, PE, XLPE, HFFR, cable-filling compounds, and pipeline-coating materials, serving several industrial applications.

  4. 4

    Established operating history. With roots dating back to 1991 and a manufacturing facility in Goa established in 2002, the company has decades of experience in polymer compounding.

  5. 5

    International market access. The company serves overseas customers in addition to its domestic business. Its Goa facility's proximity to ports may help support export logistics and international competitiveness.

Risks

5
  1. 1

    Dependence on wire and cable compounds. Wire and cable polymer compounds accounted for approximately 81.59% of revenue in FY2025, according to the company's draft offer document. A decline in demand from this segment could materially affect revenue and profitability.

  2. 2

    Customer concentration. The company's top 10 customers accounted for approximately 61.34% of revenue in the three months ended June 30, 2026, according to a later draft filing. Losing a major customer or receiving fewer orders could adversely affect performance.

  3. 3

    Raw-material price volatility. Polymer manufacturing depends on petrochemical-derived materials whose prices can fluctuate. If the company cannot pass cost increases on to customers, its profit margins may come under pressure.

  4. 4

    Single-facility concentration. Manufacturing operations are concentrated at the Goa facility. Any operational disruption, equipment failure, natural disaster, or logistics issue affecting the plant could interrupt production and deliveries.

  5. 5

    Competition and margin pressure. The polymer-compounding industry includes domestic and international competitors. Customers may negotiate aggressively on price, while changes in product specifications or quality requirements may require additional investment in equipment and research.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A