- Issue price
- ₹150per share
- Issue size
- 1,70,00,000 sharesFresh issue · amount set with price
- Face value
- ₹10per equity share
- Lot size
- 100 sharesMin. ₹15,000 at the upper price
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentFri, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 1,70,00,000 shares
- Offer for sale
- None
- Total issue
- 1,70,00,000 shares
- Face value
- ₹10
- Listing at
- NSE, BSE
- RHP date
- 17 Oct 2026
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Anchor investors | — | — | — |
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹5.99
- EPS (diluted)
- ₹5.99
- RoNW
- 28.45%
- NAV per share
- ₹21.08
- Debt to equity
- 0.56
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Jun 20263 months | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|---|
| Revenue from operations | 107.03 | 349.43 | 328.44 | 296.36 |
| Total income | 107.81 | 354.41 | 336.70 | 301.50 |
| EBITDA | 16.21 | 46.60 | 39.66 | 21.05 |
| Profit after tax | 10.23 | 27.01 | 21.14 | 7.52 |
| Net worth | 105.17 | 94.93 | 67.94 | 46.83 |
| Reserves and surplus | 60.14 | 49.90 | 58.34 | 37.23 |
| Total assets | 231.34 | 206.13 | 179.14 | 168.49 |
| Total borrowing | 62.91 | 51.72 | 73.92 | 93.77 |
FY 2025-26 vs FY 2024-25: revenue +6.4%, profit after tax +27.8%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 17 Oct 2026Updated
About the company
The company manufactures custom formulated polymer compounds used mainly in wires and cables and in coating of oil, gas and water pipelines. Its main manufacturing facility is in Goa, and it sells to customers in India and a few export markets.
- Incorporated
- 1991
- Industry
- Polymer compounds for wire and cable and pipe coating
- CIN
- U24111DL1991PLC042745
- Website
- blspolymers.com
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Vinod Aggarwal | 16.16% | — |
| Diwakar Aggarwal | 16.07% | — |
| Sushil Aggarwal | 14.19% | — |
| Madhukar Aggarwal | 10.28% | — |
| Karan Aggarwal | 9.95% | — |
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for expansion of the Goa manufacturing facility | 77.56 |
| Funding working capital requirements | 89.50 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| BLS Polymers LimitedIssuer | ₹5.99 | — | 28.45% | ₹21.08 |
| Kingfa Science & Technology (India) Limited | ₹144.1 | 46.25× | 13.24% | ₹1,155.4 |
| DDev Plastiks Industries Limited | ₹19.5 | 12.97× | 19.92% | ₹97.93 |
| Plastiblends India Limited | ₹14.12 | 14.53× | 8.17% | ₹172.78 |
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing manufacturer of custom polymer compounds with about three decades of operations.
- Enlisted with Maharatna, Navratna and Miniratna CPSEs and the Government of Gujarat for its products.
- Revenue has grown from FY 2023-24 to FY 2025-26 with improving profitability.
- Sales span 23 states and union territories with a sizeable domestic base.
- Pipeline coatings revenue share has risen, diversifying away from wire and cable products.
Risks
- About 73% to 81% of revenue comes from wire and cable polymer compounds, creating concentration.
- Top ten customers contributed over 60% of revenue in recent periods.
- Expansion depends on the proposed capacity addition and may face delays or cost overruns.
- Total borrowings are substantial relative to equity, and the company relies on short-term bank borrowings.
- PVC capacity utilisation is very low as the company phases out that product.
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Contacts
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 17 Oct 2026Updated
After listing
| Listing day | Open | High | Low | Close | Close vs issue price |
|---|---|---|---|---|---|
| 3 Nov 2026 | ₹248 | — | — | — | — |
Listing-day report: BLS Polymers IPO Listing: Bumper Start at 65% Premium on NSE
Work out the gain or loss on allotted shares after charges and tax →
Source: Red Herring Prospectus dated 17 Oct 2026Updated
Frequently asked questions
When does the BLS Polymers IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 27 October 2026 and closes on Thursday, 29 October 2026.
What is the BLS Polymers IPO price band?
The final issue price is ₹150 per share.
What is the lot size of the BLS Polymers IPO?
One lot is 100 shares, which is ₹15,000 at ₹150 per share.
Where will BLS Polymers shares list?
On NSE and BSE. The tentative listing date is Tuesday, 3 November 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the BLS Polymers IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 30 October 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹77.56 Cr for capital expenditure for expansion of the Goa manufacturing facility, ₹89.5 Cr for funding working capital requirements, and the rest for the other stated purposes.
Related IPOs
Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.