BLS Polymers Limited
IPO Details
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₹30(20.00%)
Premium (ELP)
BLS Polymers Limited's's journey to the public markets continues with its planned IPO raising 1,70,00,000 Shares in total capital. The fresh issue component of 1,70,00,000 Shares will support strategic initiatives.
The company has announced a competitive price band of ₹142 to ₹150, with the minimum investment quantum set at 100 shares. This pricing strategy aims to optimize investor response while ensuring fair value realization.
The subscription window will be active between Oct 27, 2026 and Oct 29, 2026. Following the bidding process, allotment will be announced on Oct 30, 2026, with trading commencement targeted for Nov 03, 2026 on the NSE, BSEplatform.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
BLS Polymers is a leading company that manufactures specially designed polymer compounds used in important sectors like telecom, power, railways, water systems, and oil & gas. Its product range includes materials like HDPE, MDPE, LLDPE, XLPE, HFFR compounds, PVC, cable filling compounds, and adhesive coating compounds. The company has built a strong presence across 24 states and union territories in India and served 113 repeat customers along with 53 new customers in FY2025. It also sells its products in international markets such as Bangladesh, Egypt, UAE, USA, and Saudi Arabia, with most of its revenue (over 91%) coming from domestic sales and the remaining from exports.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Government Agency Approvals: The company’s products are enlisted with major government-backed organizations, including power transmission, engineering consultancy and telecommunication companies, as well as the Government of Gujarat. These approvals demonstrate technical capability and create entry barriers for new competitors.
- Diversified Product Portfolio: The company manufactures six products across 127 grades, serving industries such as railways and telecommunications. In FY2025, wire and cable products contributed 81.59% of revenue, while pipe coating products contributed 18.41%.
- Long-Standing Customer Relationships: With three decades of experience, the company served 166 customers in FY2025. Repeat customers contributed 93.04% of revenue from operations, reflecting strong customer relationships.
- High Dependence on Wire & Cable Products: Wire and cable polymer compounds contributed 81.59%, 80.49% and 94.32% of revenue in FY2025, FY2024 and FY2023, respectively. A decline in demand could negatively affect the company’s business and financial performance.
- Customer Concentration Risk: The top 10 customers contributed 64.44%, 50.52% and 51.02% of revenue in FY2025, FY2024 and FY2023, respectively. Losing major customers could adversely affect the company’s business and financial condition.
- Lack of Long-Term Customer Agreements: The company relies on purchase orders instead of long-term customer contracts. Order cancellations or delayed payments could negatively affect its business, cash flow and financial performance.
- Vinod Aggarwal
- Sushil Aggarwal
- Madhukar Aggarwal
- Diwakar Aggarwal
- Karan Aggarwal
BLS Polymers Limited
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