BP
BLS Polymers Limited IPO
Specialised Polymer Compounds · Wires, Cables & Underground Pipelines · New Delhi / Goa
📋 Mainline IPO
Fresh Issue Only
BSE, NSE
₹150
Upper Price
₹255.00 Cr
Issue Size
Nov 3, 2026
Listing Date
₹930.48 Cr
Market Cap
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Tuesday, 27 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 29 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 30 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 2 November 2026
Unallotted funds unblocked; shares credited to demat
🏷️
Tuesday, 3 November 2026
Trading begins on BSE & NSE from 10:00 AM IST
📋 IPO Details
IPO Open Date27 October 2026 (Tue)
IPO Close Date29 October 2026 (Thu)
Listing Date3 November 2026 (Tue)
Face Value₹10 per share
Price Band₹142 to ₹150
Issue Price (Upper Band)₹150 per share
Issue TypeBookbuild IPO — Fresh Issue Only
Lot Size100 shares (Min App: 1 Lot / 100 Shares)
Total Issue Size1,70,00,000 shares (₹255.00 Cr)
Fresh Issue1,70,00,000 shares (₹255.00 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Pre-Issue Shares4,50,31,834
Post-Issue Shares6,20,31,834
Promoter Holding (Pre → Post)98.53% → 71.53%
Market Cap (Pre-IPO)₹675.48 Cr
Market Cap (Post-IPO)₹930.48 Cr
Listing ExchangeBSE, NSE
Lead ManagerUnistone Capital Pvt.Ltd.
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹150| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 100 | ₹15,000 |
| Retail — Maximum | 13 | 1,300 | ₹1,95,000 |
| S-HNI (sNII) — Min | 14 | 1,400 | ₹2,10,000 |
| S-HNI (sNII) — Max | 66 | 6,600 | ₹9,90,000 |
| B-HNI (bNII) — Min | 67 | 6,700 | ₹10,05,000 |
⚠️ Note: Investors can bid for a minimum of 100 shares and in multiples thereof.
👥 Investor Reservation
Allocated portion of IssueNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 231.34 | 206.13 | 179.14 | 168.49 |
| Total Income | 107.81 | 354.41 | 336.70 | 301.50 |
| PAT | 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 & Surplus | 60.14 | 49.90 | 58.34 | 37.23 |
| Total Borrowing | 62.91 | 51.72 | 73.92 | 93.77 |
Income Growth
FY 2023–24₹301.50 Cr
FY 2024–25₹336.70 Cr
FY 2025–26₹354.41 Cr
🎯 Key Performance Indicators
33.17%
ROE (Mar 26)
10.22% (Jun 26)
0.56
Debt/Equity (Mar 26)
0.61 (Jun 26)
29.51%
ROCE (Mar 26)
9.11% (Jun 26)
7.73%
PAT Margin (Mar 26)
9.56% (Jun 26)
13.33%
EBITDA Margin (Mar 26)
15.15% (Jun 26)
28.45%
RoNW (Mar 26)
9.73% (Jun 26)
7.12x
Price/Book (Mar 26)
6.42x (Jun 26)
₹21.08
NAV (Mar 26)
₹23.35 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹6.00
FY26 earnings + pre-issue shares
P/E: 25.00xPost-IPO EPS
₹6.60
Annualised post-issue basis
P/E: 22.73xPrice to Book Value
7.12x
At upper price band ₹150
Market Cap
₹930.48 Cr
At upper offer price ₹150
ℹ️
Pre-IPO EPS (₹6.00) is calculated on pre-issue equity of 4,50,31,834 shares and FY26 restated PAT of ₹27.01 Cr. Post-issue equity expands to 6,20,31,834 shares through the issuance of 1,70,00,000 fresh equity shares, resulting in a post-issue EPS of ₹6.60 on an annualized basis. Market Capitalisation at the upper price band of ₹150 stands at ₹930.48 Cr.
🎯 Objects of the Issue
Net fresh proceeds utilisation1
Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of the existing products
₹77.56 Cr
2
Funding working capital requirements of the Company
₹89.50 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹255.00 Cr
🏢 About BLS Polymers Ltd.
New Delhi · Specialised Polymer Compounds ManufacturingBLS Polymers Limited is an established manufacturer of specialised polymer compounds used extensively across wires, power and control cables, and underground pipelines. The enterprise produces high-performance polymer formulations including HDPE, MDPE, LLDPE, XLPE, PVC, HFFR (Halogen Free Flame Retardant), cable filling compounds, and specialized adhesive coating compounds tailored for mission-critical industrial applications.
The company caters to key infrastructure sectors including power transmission and distribution, telecommunications, railways, municipal water networks, and oil & gas pipeline projects. Manufacturing operations are anchored at its expansive facility in Goa, spread over approximately 24,220 square metres and equipped with 11 advanced compounding lines. The facility features an in-house laboratory, dedicated quality control infrastructure, and ISO 9001:2015 certification. Benefiting from strategic proximity to Mormugao Port for seamless raw material imports and outbound shipments, BLS Polymers serves more than 190 clients across India and exports to international markets including the USA, Saudi Arabia, the UAE, Egypt, Bangladesh, and Zambia.
Brand Ecosystem
⚙️
Cable Compounds
XLPE, HFFR, PVC, and filling compounds engineered for power, railway, and telecom cables.
🛢️
Pipeline Coatings
HDPE, MDPE, and adhesive compounds formulated for underground water and oil & gas pipelines.
🏭
Goa Manufacturing Base
24,220 sq.m facility equipped with 11 production lines and in-house testing laboratories.
🌎
Global Footprint
Exports to USA, Saudi Arabia, UAE, Egypt, and Zambia supported by proximity to Mormugao Port.
Competitive Strengths
🏆Pre-approved vendor status and enlistment with prominent government infrastructure agencies.
🤝Sticky customer relationships, with over 100 enterprise clients associated for more than three years.
🚢Strategic coastal logistics advantage via close proximity to Mormugao Port for input imports and exports.
📈Strong financial performance delivering ₹354.41 Cr in FY26 revenue with an impressive 33.17% ROE.
Company Promoters
VA
Vinod Aggarwal, Sushil Aggarwal & Madhukar Aggarwal
Promoters, BLS Polymers Ltd.
DA
Diwakar Aggarwal & Karan Aggarwal
Promoters, BLS Polymers Ltd.
📅 Key Dates
IPO Opens27 Oct 2026
IPO Closes29 Oct 2026
Allotment30 Oct 2026
Refund & Share Credit2 Nov 2026
Listing Day3 Nov 2026
💡 Quick Summary
Price Band₹142 – ₹150
Upper Price₹150 / share
Lot Size100 shares
Min. Investment (Retail)₹15,000 (1 Lot)
Issue Size₹255.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Unistone Capital Pvt.Ltd.
📍 Registered Address
BLS Polymers Ltd.
604, Indra Prakash, 21, Barakhamba Road,
Delhi, New Delhi — 110001
📞 +91 114 352 6312
[email protected]
604, Indra Prakash, 21, Barakhamba Road,
Delhi, New Delhi — 110001
📞 +91 114 352 6312
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the BLS Polymers IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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