BLS Polymers Limited IPO Details
MainboardListed
EQGMP TodayLive
₹69(+46.0%)
Est. Listing: ₹219
7-Day Trend
7 days ago: ₹48Latest: ₹69
Price Band₹142 - ₹150Lot: 100 Shares
Min Outlay₹14,200Retail Category
Closes On29 Oct 2026Bidding Deadline
Total Demand241.22xSubscription Book
BLS Polymers Limited IPO DetailsCore Specs
IPO Bidding Dates | 27 Oct 2026 to 29 Oct 2026 |
Allotment Date | 30 Oct 2026 |
Listing Date | 03 Nov 2026 |
Issue Price Band | ₹142 - ₹150 |
Market Lot Size | 100 Shares |
Face Value | ₹10 per share |
Total Issue Size | 1,70,00,000 Shares (₹255.00 Cr) |
Fresh Issue | 1,70,00,000 Shares (₹255.00 Cr) |
Offer For Sale (OFS) | - |
Listing Exchange(s) | NSE, BSE |
Pre-Issue Shares | 4,50,31,834 |
Post-Issue Shares | 6,20,31,834 |
Lot(s) Distribution
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| sHNI (Min) | 14 | 1,400 | ₹2,10,000 |
| bHNI (Min) | 67 | 6,700 | ₹10,05,000 |
Company Financials (In Crores)
| Period Ended | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Assets | 231.34 | 206.13 | 179.14 | 168.49 |
| Revenue | 107.81 | 354.41 | 336.7 | 301.5 |
| Net Worth | 105.17 | 94.93 | 67.94 | 46.83 |
| Borrowing | 62.91 | 51.72 | 73.92 | 93.77 |
| PAT | 10.23 | 27.01 | 21.14 | 7.52 |
| Reserves | 60.14 | 49.90 | 58.34 | 37.23 |
Key Performance Indicators (KPI)
| Metric | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| ROCE (%) | 9.11 | 29.51 | 25.46 | 12.84 |
| RONW (%) | 9.73 | 28.45 | 31.11 | 16.06 |
| EPS (₹) | 2.27 | 5.99 | 4.69 | 1.67 |
| P/E Ratio | 22.74 | 25.04 | - | - |
About BLS Polymers Limited
BLS Polymers is a leading company that manufactures specially designed polymer compounds used in important sectors like telecom, power, railways, water systems, and oil & gas. Its product range includes materials like HDPE, MDPE, LLDPE, XLPE, HFFR compounds, PVC, cable filling compounds, and adhesive coating compounds. The company has built a strong presence across 24 states and union territories in India and served 113 repeat customers along with 53 new customers in FY2025. It also sells its products in international markets such as Bangladesh, Egypt, UAE, USA, and Saudi Arabia, with most of its revenue (over 91%) coming from domestic sales and the remaining from exports.
Strengths & Growth Drivers
- Government Agency Approvals: The company’s products are enlisted with major government-backed organizations, including power transmission, engineering consultancy and telecommunication companies, as well as the Government of Gujarat. These approvals demonstrate technical capability and create entry barriers for new competitors.
- Diversified Product Portfolio: The company manufactures six products across 127 grades, serving industries such as railways and telecommunications. In FY2025, wire and cable products contributed 81.59% of revenue, while pipe coating products contributed 18.41%.
- Long-Standing Customer Relationships: With three decades of experience, the company served 166 customers in FY2025. Repeat customers contributed 93.04% of revenue from operations, reflecting strong customer relationships.
Risk Factors
- High Dependence on Wire & Cable Products: Wire and cable polymer compounds contributed 81.59%, 80.49% and 94.32% of revenue in FY2025, FY2024 and FY2023, respectively. A decline in demand could negatively affect the company’s business and financial performance.
- Customer Concentration Risk: The top 10 customers contributed 64.44%, 50.52% and 51.02% of revenue in FY2025, FY2024 and FY2023, respectively. Losing major customers could adversely affect the company’s business and financial condition.
- Lack of Long-Term Customer Agreements: The company relies on purchase orders instead of long-term customer contracts. Order cancellations or delayed payments could negatively affect its business, cash flow and financial performance.
Company Promoters
- Vinod Aggarwal
- Sushil Aggarwal
- Madhukar Aggarwal
- Diwakar Aggarwal
- Karan Aggarwal
Lead Manager(s)
Unistone Capital Private Limited
Current GMP Today+₹69Live Unofficial Premium
Estimated Listing Price₹15069.00Cap Price (₹15000) + GMP (₹69)
Estimated Listing Gain+0.5%Expected ROI per Share
BLS Polymers Limited Daily GMP Trend HistoryLive Daily Trend
| GMP Date | IPO Price | GMP (₹) | Est. Listing Price | Expected Gain (%) | Last Updated |
|---|---|---|---|---|---|
| 03 Nov 2026 | ₹150 | +₹69 | ₹219.00 | +46.0% | 04:18 AM |
| 02 Nov 2026 | ₹150 | +₹67 | ₹217.00 | +44.7% | 09:20 AM |
| 02 Nov 2026 | ₹150 | +₹66 | ₹216.00 | +44.0% | 03:31 PM |
| 31 Oct 2026 | ₹150 | +₹68 | ₹218.00 | +45.3% | 04:14 AM |
| 30 Oct 2026 | ₹150 | +₹73 | ₹223.00 | +48.7% | 06:30 PM |
| 30 Oct 2026 | ₹150 | +₹69 | ₹219.00 | +46.0% | 03:24 PM |
| 30 Oct 2026 | ₹150 | +₹70.5 | ₹220.50 | +47.0% | 03:30 PM |
| 29 Oct 2026 | ₹150 | +₹58 | ₹208.00 | +38.7% | 06:30 PM |
| 28 Oct 2026 | ₹150 | +₹51 | ₹201.00 | +34.0% | 04:31 AM |
| 27 Oct 2026 | ₹150 | +₹44 | ₹194.00 | +29.3% | 06:32 PM |
| 26 Oct 2026 | ₹150 | +₹40 | ₹190.00 | +26.7% | 06:48 PM |
| 25 Oct 2026 | ₹150 | +₹38 | ₹188.00 | +25.3% | 06:51 PM |
| 24 Oct 2026 | ₹150 | +₹38 | ₹188.00 | +25.3% | 07:30 AM |
| 24 Oct 2026 | ₹150 | +₹35 | ₹185.00 | +23.3% | 06:33 PM |
| 23 Oct 2026 | ₹150 | +₹38 | ₹188.00 | +25.3% | 06:37 PM |
| 22 Oct 2026 | ₹150 | +₹38 | ₹188.00 | +25.3% | 06:32 PM |
| 21 Oct 2026 | ₹150 | +₹30 | ₹180.00 | +20.0% | 06:34 PM |
| 20 Oct 2026 | ₹150 | +₹30 | ₹180.00 | +20.0% | 06:32 PM |
| 19 Oct 2026 | ₹150 | +₹18 | ₹168.00 | +12.0% | 04:45 AM |
| 15 Apr 2026 | ₹150 | ₹0 | ₹0.00 | 0.0% | 09:16 AM |
Subscription Details (No. of Shares)Live Demand Book
| Category | Shares Offered | Shares Applied | Subscription Demand |
|---|---|---|---|
| QIB | 34,00,000 | 68,08,57,700 | 0x |
| NIB | 25,50,000 | 1,42,59,69,900 | 0x |
| HNIs(10L +) | 17,00,000 | 1,00,78,15,300 | 0x |
| HNIs (2-10L) | 8,50,000 | 41,81,54,600 | 0x |
| RETAIL | 59,50,000 | 76,37,31,100 | 0x |
Day Wise Subscription Details
| Day | Date | QIB (x) | NII (x) | Retail (x) | Total (x) |
|---|---|---|---|---|---|
| Day 1 | - | 0x | 0x | 0x | 0x |
| Day 2 | - | 0x | 0x | 0x | 0x |
| Day 3 | - | 0x | 0x | 0x | 0x |
IPO Reservation Breakup
| Investor Category | Shares Offered | Allocation (%) |
|---|---|---|
| Anchor | 51,00,000 | 30% |
| QIB | 34,00,000 | 20% |
| HNI | 25,50,000 | 15% |
| RETAIL | 59,50,000 | 35% |
Official IPO Documents & Filings
Red Herring Prospectus (RHP)
Complete issue guidelines, risks, financials, and company profile.
Draft Red Herring (DRHP)
Initial draft submitted to SEBI before price discovery.
BLS Polymers Limited IPO Review & FAQ
Everything you need to know about IPO GMP, Kostak, and listing expectations.
As of today, BLS Polymers Limited IPO Grey Market Premium (GMP) is trading at ₹69 per share. With an issue cap price of ₹150, the expected listing price is ₹219 (+46.0% gain).
UPCOMING27 OCT
OPEN27 OCT
CLOSE29 OCT
LISTED03 NOV
Quick NavigationAuto-Synced
Issue Key Information
Allotment StatusPrice Band₹142 - ₹150
Issue Cap Price₹150
Market Lot Size100 Shares
Min Retail Outlay₹14,200
Total Issue Size₹255.00 Cr
Listing ExchangesNSE, BSE
RegistrarKfin Technologies Limited
IPO Lot & Return Calculator
1 Lot(s)
Total Shares Applied:100 shares
Required Investment (At Cap):₹15,000
Expected Listing Gain (@ GMP):+₹6,900
Estimated Portfolio Value:₹21,900