About BLS Polymers Ltd IPO
BLS Polymers IPO is a book-built issue of Rs 255 crores. The IPO comprises an entirely fresh issue of up to 1.70 crore equity shares, with no offer for sale (OFS). The BLS Polymers IPO subscription opens on October 27, 2026, and closes on October 29, 2026, with the basis of allotment expected to be finalised on October 30, 2026. The BLS Polymers IPO shares are scheduled to list on the BSE and NSE, with a tentative listing date of November 3, 2026.
The BLS Polymers IPO price band is set at Rs 142 to Rs 150 per share, with a minimum lot size of 100 shares. Unistone Capital Private Limited is the book-running lead manager, while KFin Technologies Limited is the registrar to the issue. For detailed information, investors can refer to the official BLS Polymers Limited IPO Draft Red Herring Prospectus (DRHP).
About BLS Polymers Limited
BLS Polymers Limited is a manufacturer of custom-formulated polymer compounds catering to critical industries such as power, telecommunications, railways, oil and gas, and water infrastructure. The company manufactures a diversified range of polymer compounds used in the insulation, sheathing and jacketing of wires and cables, as well as in three-layer polyethylene (3LPE) coating systems for underground pipelines, providing protection against corrosion, moisture and other environmental factors.
Its product portfolio includes high-density polyethylene (HDPE), medium-density polyethylene (MDPE), linear low-density polyethylene (LLDPE), cross-linked polyethylene (XLPE), halogen-free flame-retardant (HFFR), polyvinyl chloride (PVC), cable filling compounds (CFC), adhesive coating compounds and masterbatches. The company also develops customised polymer formulations to meet specific customer requirements.
The company operates a manufacturing facility spread across approximately 24,220 sq. metres in Goa, equipped with 11 manufacturing machines and an in-house laboratory for quality testing and product development. Its manufacturing facility is ISO 9001:2015 certified.
BLS Polymers has established a pan-India presence, with operations across 24 states and union territories during the preceding three financial years. Certain products are enlisted with government and public sector entities, including organisations operating in power transmission, telecommunications and engineering consultancy. These enlistments involve rigorous product testing and approval processes, and may provide a competitive advantage in qualifying for specific projects.
During FY2025, FY2024 and FY2023, the company served 113, 109 and 112 repeat customers, respectively, while adding 53, 66 and 78 new customers. It also exports its products to international markets, including Bangladesh, Egypt, Oman, Saudi Arabia, Turkey, the United Arab Emirates, the United States and Zambia.
BLS Polymers is part of the BLS Group, which has an operating history of over three decades across multiple industries.
BLS Polymers IPO is a book-built issue of Rs 255 crores. The IPO comprises an entirely fresh issue of up to 1.70 crore equity shares, with no offer for sale (OFS). The BLS Polymers IPO subscription opens on October 27, 2026, and closes on October 29, 2026, with the basis of allotment expected to be finalised on October 30, 2026. The BLS Polymers IPO shares are scheduled to list
BLS Polymers IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 85,00,000 crores |
| Non-Institutional Investors (NIIs) | 15% | 25,50,000 crores |
| Retail Individual Investors (RIIs) | 35% | 59,50,000 crores |
BLS Polymers IPO Strengths & Weaknesses
Enlisted with Prominent Government Agencies: Approved product portfolio with government and public sector agencies, creating entry barriers for new players.
Diversified Product Portfolio: Offers six products across 127 grades, catering to multiple industries and applications.
Long-Standing Customer Relationships: Three decades of business operations and a diversified customer base of 166 customers in FY2025.
Pan-India Market Presence: Products sold across 24 states and union territories, with 91.57% of FY2025 revenue generated from domestic operations.
In-House Product Development Capabilities: Dedicated product development team focused on customised formulations, innovation and enhanced product properties.
Favourable Industry Growth Outlook: India's polymer compounding market is projected to grow at approximately 8.2% CAGR from 2024 to 2029.
BLS Polymers IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 30 Oct '26 | 03 Nov '26 | 02 Nov '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 1,70,00,000 shares (aggregating up to To be announced) |
| Fresh Issue | 17,00,000 shares (aggregating up to ₹1,70,00,000 crores) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 98.53 shares |
| Post-Issue Shareholding | 71.53 shares |
BLS Polymers IPO Lot Size and Investment Details
| Minimum Lot Size | 100 shares |
| Maximum Lot Size (Retail) | -- |
The lot size of BLS Polymers ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for BLS Polymers IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
BLS Polymers IPO Contact & Registrar Details
Contact Details
Address
604, Indra Prakash, 21, Barakhamba Road Delhi
Phone Number
Website
Registrar Details
Registrar Name
Kfin Technologies Ltd.
Phone Number
BLS Polymers Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Unicon Capital Services Pvt.Ltd. |
