The BLS Polymers IPO opens for subscription on October 27, 2026, with bidding due to close on October 29. The Rs 255 crore book-built offering consists entirely of 1.70 crore newly issued shares.

Key Takeaways

  • Shares are offered at Rs 142–150 each, with a minimum application of 100 shares.
  • Allotment is expected on October 30, and listing on the NSE and BSE is tentatively scheduled for November 3.
  • The company plans to use proceeds for manufacturing expansion, working capital and general corporate purposes.

BLS Polymers IPO price and timetable

At the upper end of the price band, a retail investor applying for one lot of 100 shares would need Rs 15,000.

The shares carried an unofficial grey market premium of Rs 40 apiece, implying a price of Rs 190 against the upper issue price. The premium can fluctuate and does not guarantee the eventual listing price or returns.

Unistone Capital is the book-running lead manager, and KFin Technologies is the registrar.

ItemDetails
Price bandRs 142–150 per share
Lot size100 shares
Expected allotmentOctober 30, 2026
Tentative listingNovember 3, 2026, on the NSE and BSE

How the proceeds will be used

BLS Polymers plans to allocate Rs 77.56 crore to capital expenditure for expanding its manufacturing facility and increasing capacity for certain existing products. It plans to use another Rs 89.50 crore for working capital and the remaining proceeds for general corporate purposes.

Business and financial performance

The company makes specialised polymer compounds used in wires, cables and underground pipelines. It operates a manufacturing facility in Goa and serves more than 190 customers.

Total income rose to Rs 354 crore in FY26 from Rs 337 crore in FY25, while profit after tax increased to Rs 27 crore from Rs 21 crore.

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