BLS Polymers: Date, Price, Allotment, GMP & Review

BLS Polymers IPO- Complete Overview 

BLS Polymers IPO is a Mainboard IPO with an issue size of 1.70 Cr Shares (Rs. 255 Cr) by BLS Polymers Limited, which manufactures specialized polymer compounds for use in subterranean pipes, cables, and wires. Its products, which serve sectors like power, telecommunications, railroads, water, and oil and gas, include HDPE, MDPE, LLDPE, XLPE, PVC, HFFR, cable filling compounds, and adhesive coating compounds.

The company runs a 24,220-square-meter manufacturing plant with 11 pieces of equipment in Goa. It has an ISO 9001:2015 accreditation, a quality control staff, and an internal laboratory. Additionally, the business creates customized items to satisfy certain client needs.

This new IPO is to be launched on 27 October 2026, and its ‘initial public offering’ will end on 29 October 2026.

BLS Polymers IPO Details

This Mainline IPO comprises a wholly fresh issue of 1.70 crore shares. The BLS Polymers IPO listing date (expected) might be 03 Nov, 2026, and the listing on the BSE and NSE. 

The BLS Polymers IPO price band is Rs. 142 to Rs. 150.

IPO Timetable (Tentative)

The BLS Polymers IPO date is from Oct 27 to Oct 29, with IPO allotment on Oct 30, refund initiation on Nov 02, 2026, 

If you want to apply for the IPO, click to open a Demat Account.

Industry Overview & Outlook

The market is expected to grow at a CAGR of ~9.0% from 2026 to 2031, reaching a value of USD 16,507 million. 

BLS Polymers Company Financial Performance

BLS Polymers- Profit & Loss

(Amount in Cr)

BLS Polymers- Balance Sheet

(Amount in Cr)

Cash Flows

The cash flows for various activities are shown below:

(Amount in Lac)

BLS Polymers IPO- Business Model

The company earns revenue by manufacturing and selling these polymer compounds to customers (mostly private companies, some government/PSUs).

Main product categories:

• PE Compounds (HDPE, MDPE, LLDPE, CFC, HFFR, Masterbatches, etc.) – largest contributor.

• XLPE Compounds (Cross-linked polyethylene) – used in power cables.

• PVC Compounds.

• HDPE + Adhesive Coating Compounds – used in 3-layer polyethylene (3LPE) coating of underground pipelines.

• Cable Filling Compounds and other specialised grades.

They manufacture over 127 different grades of compounds.

Revenue Bifurcation

(Values in Lac)

(Source : RHP)

The Objective of the Issue

• Financing the capital expenditure requirement towards expansion of the manufacturing facility by increasing the manufacturing capacity of certain existing products. ~ Rs. 77.56 Cr.

• Funding working capital requirements of the Company. ~ Rs. 89.50 Cr.

• General Corporate Purposes.
  
  

Peers of BLS Polymers

Evaluation of P/E Ratio

Considering the period ended on FY 2026 with an EPS of Rs. 5.99 from the last year, the resulting P/E ratio is 25.04x. 

BLS Polymers IPO Valuation

IPO's Strengths 

• Hired by reputable government organizations with a portfolio of products that have already been approved.

• Offers specialized polymer compounds to a variety of sectors.

• For more than three years, the business has been connected to over 100 clients.

• Provides services to clients in both Indian and foreign markets.
  
  

IPO's Weaknesses

• The company derived 73.20% to 81.59% of its revenue from wire and cable polymer compounds across the periods presented, and any reduction in demand for such products could materially affect its business and financial condition.

• The top 10 customers contributed between 50.52% and 66.81% of revenue across the periods presented, and loss of any such customers due to business disputes or financial difficulties could materially affect operations.

• The company is expanding into new regions such as Tunisia, Algeria, Nigeria and Oman without prior presence or distributor networks, exposing it to regulatory, tariff and market-entry risks that could delay growth plans.
  
  

BLS Polymers IPO GMP Today

BLS Polymers IPO GMP is Rs. 20 as of October 19, 2026, when this information was written. 

Jio IPO Other Details

IPO Grey Market Premium

The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.

BLS Polymers IPO Lot Size

The Jio IPO allows retail investors to invest in a minimum and maximum of 1 Lot (100 Shares) amounting to Rs. 15000 and 13 Lots (1300 Shares) for Rs. 195000 respectively, while for HNI investors, the minimum is 14 Lots (1400 Shares) amounting to Rs. 210000.

BLS Polymers IPO Reservation

Promoters and Management of BLS Polymers Ltd. 

• Vinod Aggarwal

• Sushil Aggarwal

• Madhukar Aggarwal

• Diwakar Aggarwal 

• Karan Aggarwal.

BLS Polymers IPO Lead Managers

Unistone Capital Pvt. Ltd.

Dividend Policy

The company has not paid a dividend during the last three FYs.

BLS Polymers IPO Review: Subscribe or Avoid?

BLS Polymers is coming with a pure fresh Mainboard IPO of ₹255 Cr (1.70 Cr shares) at a price band of ₹142–150. The company manufactures specialised polymer compounds (PE, XLPE, PVC, HFFR, 3LPE coating compounds etc.) used in wires, cables, and underground pipelines. It has a manufacturing facility in Goa and serves the power, telecom, water, and oil & gas sectors.

Before making any decision to subscribe or avoid, you should consult your SEBI-registered financial advisor. 

BLS Polymers IPO News

BLS Polymers DRHP

BLS Polymers RHP

BLS Polymers IPO Allotment Status

Stay Updated With The Upcoming IPOs 2026

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.

You must consult your financial advisor before making any financial decisions.

To Apply for the IPO, Click Here.

To read the Prospectus of the company, click here to download the DRHP & RHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.