IPO profile
Bls Polymers Limited
BLSPOLY · BSE
- Price band
- ₹142 - ₹150
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 100 shares
- Minimum Application
- ₹15,000
- Issue Size
- Rs. 255 Cr
- Face Value
- Not available
Company Overview
BLS Polymers manufactures custom-formulated polymer compounds utilized for sheathing, jacketing, and insulation of wires and cables across the telecommunications, power, and railway industries, alongside protective coatings for underground oil, gas, and water pipelines. The company generates revenue through core manufacturing operations and trading activities involving primary raw materials. Its principal product portfolio encompasses various grades of wire and cable compounds, high-density polyethylene, linear low-density polyethylene resins, polyethylene pipe coatings, and adhesives for three-layer polyethylene applications. Operating from a single manufacturing facility located in Goa, BLS Polymers caters to domestic clients while also exporting to international markets, including Saudi Arabia and Bangladesh. The company’s products are enlisted with prominent government agencies, public sector enterprises, and the Government of Gujarat, serving critical infrastructure sectors and addressing specific, precise requirements in terms of high quality, composition, and tolerances.
Important Dates
- Open Date
- 27 Oct 2026
- Close Date
- 29 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 3 Nov 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Grey Market Premium (GMP)
- Latest GMP
- +₹38
- GMP %
- +25.33%
- Quoted on
- 25 Oct 2026, 5:30 am
As of 25 Oct
Grey Market Premium (GMP) is unofficial and indicative. Actual listing price may differ.
Indicative Listing Estimate
- Est. Listing Price
- ₹188
- Est. Gain/Loss Per Share
- +₹38
- Est. Gain/Loss Per Lot
- +₹3,800
- Calculated On
- ₹150
Estimated listing price = upper price band + GMP. The final issue price is not yet known, so the upper end of the price band is assumed. Per-lot figures use 100 shares per lot. Indicative only: not a guaranteed listing price or profit, and excludes brokerage, taxes and charges.
Subscription
Subscription data not available yet.
Company Strengths & Risks
Reported strengths
- Approved supplier for major government agencies and CPSEs.
- Diverse products for telecom, power, railway, oil, and gas.
- High repeat order rate from an established customer base.
- In-house product development and testing labs ensure quality.
- Growing presence in specialized 3LPE pipeline adhesives.
Key risks
- Heavily dependent on wire and cable compound sales.
- Top 10 customers drive a major share of total revenue.
- Highly exposed to operational risks at its single Goa plant.
- Lacks long-term supply contracts for primary raw materials.
- High working capital needs tied up in trade receivables.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 8:02 pm IST · GMP: ipoalerts
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.