BLS Polymers IPO: Price Band, Lot Size, Financials & Review
BLS Polymers IPO opens on Tue, 27 Oct 2026 and closes on Thu, 29 Oct 2026. The price band is ₹142 – ₹150 with a lot of 100 shares, so one retail lot costs ₹15,000 at the upper band. The latest GMP is +₹20 (+13.33%), implying an estimated listing price of ₹170.
- Open Date
- 27 Oct 2026
- Close Date
- 29 Oct 2026
Last updated
- Price band
- ₹142 – ₹150
- Lot size
- 100 shares
- Min. investment
- ₹15,000
- Issue size
- ₹255 Cr
- GMP
- +₹20
BLS Polymers IPO details
BLS Polymers IPO is a ₹255 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue opens on Tue, 27 Oct 2026 and closes on Thu, 29 Oct 2026. Allotment is expected on Fri, 30 Oct 2026 and listing on Tue, 3 Nov 2026.
The price band is ₹142 to ₹150 per share and the lot size is 100 shares, so the minimum retail application is ₹15,000. Retail investors can apply for up to 13 lots (1,300 shares, ₹1,95,000).
KFin Technologies Limited is the registrar, and Unistone Capital Pvt Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The latest BLS Polymers IPO GMP is +₹20 as of 19 Oct (+13.33% against the upper price band of ₹150), implying an estimated listing price of ₹170.
| Latest GMP | +₹20 |
|---|---|
| GMP vs upper band | +13.33% |
| Estimated listing price | ₹170 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the BLS Polymers IPO day-wise GMP.
Share reservation by category
| Category | Shares Details |
|---|---|
| Retail Investors | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
BLS Polymers IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,400 | ₹2,10,000 |
| S-HNI (Max) | 66 | 6,600 | ₹9,90,000 |
| B-HNI (Min) | 67 | 6,700 | ₹10,05,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹150, the issue is priced at 31.98x pre-issue earnings and 43.99x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 14.53x (3 companies).
Promoter holding falls from 98.53% before the issue to 71.53% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹4.69 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 31.98x |
| EPS (post-issue) EPS on the enlarged share capital | ₹3.41 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 43.99x |
| Promoter holding (pre-issue) | 98.53% |
| Promoter holding (post-issue) | 71.53% |
BLS Polymers Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹336.7 Cr to ₹354.41 Cr, and profit after tax rose from ₹21.14 Cr to ₹27.01 Cr. The PAT margin for 31 Mar 2026 was 7.62%.
| 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 | 17.92 | 39.66 | 21.05 |
| Net Worth | 105.17 | 94.93 | 67.94 | 46.83 |
| Reserve & Surplus | 60.14 | 49.90 | 58.34 | 37.22 |
| Total Borrowings | 57.59 | 48.87 | 72.99 | 78.09 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 10.22 | 33.17 | 36.83 | 17.48 |
| ROCE % | 9.11 | 29.51 | 25.46 | 12.84 |
| Debt / Equity | 0.61 | 0.56 | 1.11 | 2.05 |
| RoNW % | 27.27 | 28.45 | 31.11 | 16.06 |
| Pat Margin % | 9.56 | 7.73 | 6.44 | 2.54 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| BLS Polymers Ltd | 10 | — | 5.99 | 5.99 | 28.45% | 21.08 |
| Kingfa Science & Technology (India) Ltd | 10 | 46.25 | 144.10 | 144.10 | 13.24% | 1,155.40 |
| DDev Plastiks Industries Ltd | 1 | 12.97 | 19.50 | 19.50 | 19.92% | 97.93 |
| Plastiblends India Ltd | 5 | 14.53 | 14.12 | 14.12 | 8.17% | 172.78 |
Notes
Basic and Diluted EPS for peers are sourced from the audited financial statements for the relevant year.
P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on October 12, 2026, divided by the Diluted EPS.
RoNW is computed as net profit after tax attributable to owners of the company divided by total closing equity attributable to the owners of the company
NAV is computed as the closing net worth divided by the outstanding number of equity shares
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of our existing products | 77.56 |
| 2 | Funding working capital requirements of our Company | 89.50 |
| 3 | General Corporate Purposes | 0.00 |
| Total | 167.06 |
About BLS Polymers Limited
BLS Polymers is a leading manufacturer of custom-formulated polymer compounds catering to critical infrastructure sectors, including telecommunications, power, railways, water, and oil and gas distribution.
Product Portfolio: The company offers a diversified range of polymer compounds, including high-density polyethylene (HDPE), medium-density polyethylene (MDPE), linear low-density polyethylene (LLDPE), cross-linked polyethylene (XLPE), halogen-free flame-retardant (HFFR) compounds, polyvinyl chloride (PVC), cable filling compounds (CFC), and adhesive coating compounds. These products serve a wide range of industrial and infrastructure applications.
Market Presence: BLS Polymers has established a pan-India presence across 24 states and union territories. During Fiscal 2025, the company served 113 repeat customers and acquired 53 new customers, reflecting its established customer relationships and expanding customer base. In addition to the domestic market, the company exports its products to several countries, including Bangladesh, Egypt, Oman, Saudi Arabia, Turkey, the United Arab Emirates, the United States of America, and Zambia.
Revenue Mix: During Fiscal 2025, domestic operations contributed 91.57% of the company's revenue, while exports accounted for the remaining 8.43%, indicating a strong reliance on the Indian market alongside an international customer base.
Manufacturing Facility: The company operates a manufacturing facility in Goa spanning approximately 24,220 sq. ft., equipped with advanced machinery to support the production of its diversified range of polymer compounds.
Promoters
Vinod Aggarwal
Sushil Aggarwal
Madhukar Aggarwal
Diwakar Aggarwal
Karan Aggarwal
Contact details
BLS Polymers Ltd.
604, Indra Prakash,
21, Barakhamba Road
Delhi, New Delhi, 110001
Telephone: +91 112 331 0658
E-mail: corporate@blspolymers.com
Website: www.blspolymers.com
BLS Polymers IPO FAQs
- What is the BLS Polymers IPO price band?
- The BLS Polymers IPO price band is ₹142 to ₹150 per share.
- What is the BLS Polymers IPO lot size and minimum investment?
- The BLS Polymers IPO lot size is 100 shares. The minimum retail investment is ₹15,000 for one lot at the upper price band. Retail investors can apply for up to 13 lots (1,300 shares), costing ₹1,95,000.
- When does BLS Polymers IPO open and close?
- BLS Polymers IPO opens on Tue, 27 Oct 2026 and closes on Thu, 29 Oct 2026.
- What is the BLS Polymers IPO GMP today?
- The latest BLS Polymers IPO GMP is +₹20 as of 19 Oct (+13.33% against the upper price band of ₹150), implying an estimated listing price of ₹170. GMP is an unofficial grey market indicator and can change quickly.
- What is the BLS Polymers IPO allotment date?
- The BLS Polymers IPO basis of allotment is expected on Fri, 30 Oct 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the BLS Polymers IPO listing date?
- BLS Polymers IPO is expected to list on BSE & NSE on Tue, 3 Nov 2026.
- Is the BLS Polymers IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the BLS Polymers IPO?
- The registrar for the BLS Polymers IPO is KFin Technologies Limited, and the book running lead manager is Unistone Capital Pvt Ltd.
- How to apply for the BLS Polymers IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Thu, 29 Oct 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.