BLS Polymers IPO Details

Bookbuilding IPO | ₹255 Cr | Listing at BSE, NSE | Tue, Oct 27, 2026 - Thu, Oct 29, 2026

BLS Polymers IPO is a book build issue of ₹255.00 crores. The issue is entirely a fresh issue of 1.70 crore shares of ₹255.00 crore.

BLS Polymers IPO opens for subscription on Oct 27, 2026 and closes on Oct 29, 2026. The allotment for the BLS Polymers IPO is expected to be finalized on Oct 30, 2026. BLS Polymers IPO will list on NSE and BSE with a tentative listing date fixed as Nov 3, 2026.

BLS Polymers IPO is set issue price band at ₹142 to ₹150 per share. The lot size for an application is 100 shares. The minimum amount of investment required by an individual investor (retail) is ₹15,000 (100 shares) (based on upper price).

Unistone Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to BLS Polymers IPO RHP for detailed Information.

To be declared

Tue, Oct 27, 2026

IPO Close

Thu, Oct 29, 2026

Price Band

₹142 to ₹150

Market Cap

₹930.48 Cr * on Upper Price

IPO Date

27 to 29 Oct, 2026
Listing Date

Tue, Nov 3, 2026 (T)
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
Allotment

Fri, Oct 30, 2026
Credit of Shares

Mon, Nov 2, 2026

IPO Close

Thu, Oct 29, 2026
Refund

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

Investors can bid for a minimum of 100 shares and in multiples thereof.

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

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)

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.(Amount in ₹ Crore)

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

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

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

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

Key Performance Indicator (KPI)

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

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.

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

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
Visit Website

IPO Lead Manager(s)

Unistone Capital Pvt.Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

BLS Polymers Ltd. Address

604, Indra Prakash,

21, Barakhamba Road

Delhi, New Delhi, 110001

+91 114 352 6312
corporate@blspolymers.com
Visit Website

IPO FAQs

What is the BLS Polymers IPO?

BLS Polymers IPO is a main-board IPO of 1,70,00,000 equity shares of the face value of ₹10 aggregating up to ₹255 Crores. The issue is priced at ₹142 to ₹150. The minimum order quantity is 100.

The IPO opens on Tue, Oct 27, 2026, and closes on Thu, Oct 29, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in BLS Polymers IPO through Angel One?

Angel One customers can apply online in BLS Polymers IPO using UPI as a payment gateway. Angel One customers can apply in BLS Polymers IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in BLS Polymers IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘BLS Polymers IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When BLS Polymers IPO will open?

The BLS Polymers IPO opens on Tue, Oct 27, 2026 and closes on Thu, Oct 29, 2026.

What is the lot size of BLS Polymers IPO?

BLS Polymers IPO lot size is 100, and the minimum amount required for application is ₹15,000.

How to apply for BLS Polymers IPO?

You can apply in BLS Polymers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is BLS Polymers IPO allotment?

The finalization of Basis of Allotment for BLS Polymers IPO will be done on Friday, October 30, 2026, and the allotted shares will be credited to your demat account by Mon, Nov 2, 2026. Check the BLS Polymers IPO allotment status.

When is BLS Polymers IPO listing date ?

The BLS Polymers IPO listing date is not yet announced. The tentative date of listing is Tue, Nov 3, 2026.