BLS Polymers Limited will open its initial public offering (IPO) for subscription on October 27, 2026, with a price band of ₹142 to ₹150 per equity share. The issue will close on October 29, while bidding by anchor investors is scheduled for October 26.The company plans to raise ₹255 crore through a fresh issue of 1.70 crore equity shares with a face value of ₹10 each. The shares are proposed to be listed on the BSE and NSE. Unistone Capital Private Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar to the issue.
Investors can bid for a minimum of 100 equity shares and in multiples of 100 shares thereafter. At the upper end of the price band, the issue size will be ₹255 crore.Of the total offer, up to 85 lakh shares have been allocated to qualified institutional buyers (QIBs). This includes up to 51 lakh shares for anchor investors, subject to allocation in consultation with the book-running lead manager. At least 25.50 lakh shares are reserved for non-institutional bidders, while retail individual bidders will be allocated at least 59.50 lakh shares.
According to the Red Herring Prospectus, BLS Polymers plans to use ₹77.56 crore of the proceeds to expand its manufacturing facility and increase capacity for selected existing products. Another ₹89.50 crore will be used to meet working capital requirements. The remaining funds will go towards general corporate purposes and offer expenses.
Established in 1991, BLS Polymers manufactures custom-formulated polymer compounds used in the telecommunications, power, railways, water, and oil and gas distribution industries. Its products include high-density polyethylene (HDPE), medium-density polyethylene (MDPE), linear low-density polyethylene (LLDPE), cross-linked polyethylene (XLPE), halogen-free flame-retardant (HFFR), polyvinyl chloride (PVC), cable-filling and adhesive-coating compounds.
The company operates a manufacturing facility in Goa spread across approximately 24,220 square metres, with an installed capacity of 35,251 metric tonnes per annum. The facility has 11 machines and is located near Mormugao Port, supporting the movement of imported raw materials and exports.
BLS Polymers operates across 23 Indian states and union territories and exports to 13 countries. It served more than 325 customers during the quarter ended June 30, 2026, and the preceding three financial years. For the first quarter of FY2027, revenue from operations stood at ₹107.03 crore and profit after tax at ₹10.23 crore. In FY2026, the company reported revenue of ₹349.43 crore and profit after tax of ₹27.01 crore.
BLS Polymers Limited is part of the BLS Group and manufactures polymer compounds for wire, cable and infrastructure applications. The company is led by promoters Vinod Aggarwal, Sushil Aggarwal, Madhukar Aggarwal, Diwakar Aggarwal and Karan Aggarwal.
