BLS Polymers IPO Day 2: Subscription Status, Timeline & Key Issue Details
BLS Polymers’ ₹255 crore IPO continued into its second day of bidding on October 28, 2026. The issue, priced at ₹142 to ₹150 per share, had received bids for 11.85 times the shares on offer as of 10:15 AM.
Investors can subscribe to the IPO until October 29, 2026. The basis of allotment is expected to be finalised on October 30, with the company’s shares scheduled to list on the BSE and NSE on November 3, 2026.
BLS Polymers IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue only)
- Total Issue Size: Up to ₹255.00 crore
- Fresh Issue: Up to ₹255.00 crore
- Offer for Sale (OFS): Not Applicable
- Face Value: ₹10 per equity share
- Price Band: ₹142 to ₹150 per share
- Lot Size: 100 shares
- Minimum Investment Amount (Retail Investor): ₹15,000 (100 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Unistone Capital Private Limited
- Registrar: KFin Technologies Limited
BLS Polymers IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
27 October 2026 |
|
Subscription Closing Date |
29 October 2026 |
|
Basis of Allotment Date |
30 October 2026 |
|
Refund Initiation Date |
2 November 2026 |
|
Credit of Shares |
2 November 2026 |
|
Listing on BSE and NSE |
3 November 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
BLS Polymers IPO Day 2 Subscription Status
[October 28, 2026, 10:15 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
12.04x |
|
Non-Institutional Investors (NIIs) |
18.76x |
|
Retail Individual Investors (RIIs) |
8.78x |
|
Total |
11.85x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Financing the capital expenditure requirement towards expansion of its existing manufacturing facility at Goa (“Manufacturing Facility”) by increasing the manufacturing capacity of certain of existing products.
- Funding working capital requirements of the company
- General Corporate Purposes
About BLS Polymers Limited
Incorporated in 2003, BLS Polymers Limited manufactures specialised polymer compounds for industries including telecommunications, power, railways, water, and oil and gas distribution. Its product portfolio comprises HDPE, MDPE, LLDPE, XLPE, HFFR and PVC compounds, along with cable filling and adhesive coating compounds.
These materials are used in wire and cable insulation and sheathing to provide electrical resistance, mechanical strength, fire resistance and protection from moisture. HDPE and adhesive coating compounds are also used in three-layer polyethylene (3LPE) coatings for oil, gas and water pipelines, helping protect them against corrosion, moisture and chemical exposure.
Key Financial Highlights
|
Particulars |
For the three-month period ended June 30, 2026 (in ₹ crore) |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
|
Revenue from operations |
107.03 |
349.43 |
328.44 |
|
EBITDA |
16.21 |
46.60 |
39.66 |
|
Profit After Tax (PAT) |
10.23 |
27.01 |
21.13 |
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here