BLS Polymers Shares List at 65% Premium on NSE
BLS Polymers shares commenced trading on Tuesday, November 3, 2026, at a significant premium to their IPO price. On the NSE, the stock listed at ₹248 per share, marking a 65.33% gain over the issue price of ₹150. Meanwhile, its BSE debut was at ₹244.10 per share, translating into a listing premium of 62.73%.
The company’s ₹255 crore IPO was open for subscription between October 27 and October 29, 2026. The public issue witnessed strong investor demand, closing with an overall subscription of 241.22 times the shares on offer.
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 Overall Subscription Status
[October 29, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
200.25x |
|
Non-Institutional Investors (NIIs) |
559.20x |
|
Retail Individual Investors (RIIs) |
128.36x |
|
Total |
241.22x |
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 is engaged in manufacturing specialised polymer compounds for sectors such as telecommunications, power, railways, water, and oil and gas distribution.
Its product portfolio includes compounds used for insulation and sheathing in wires and cables, offering properties such as electrical resistance, mechanical strength, fire resistance and moisture protection. The company also produces HDPE and adhesive coating compounds for three-layer polyethylene (3LPE) pipeline coatings, which help prevent corrosion and protect against 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 |
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