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BLS Polymers IPO Day 3: Issue subscribed 42.47 times with GMP at 34%. Check key details

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In short

BLS Polymers witnessed substantial demand during its share sale, heavily propelled by non-institutional buyers bidding over a hundred times their allotment. The entirely fresh equity issue will supply net proceeds directly into expanding output and meeting ongoing working capital needs. Serving wire, cable, and piping markets, the producer recently demonstrated a 28% jump in annual post-tax earnings.

Key points

  • The initial public offering is scheduled to complete share allotments on October 30 befor…: The initial public offering is scheduled to complete share allotments on October 30 before listing on November 3.
  • Unofficial grey market trading signals potential listing gains of approximately 34% above…: Unofficial grey market trading signals potential listing gains of approximately 34% above the upper price band.
  • Profit after tax climbed 28% to reach Rs 27 crore in FY26 while serving more than 190 cli…: Profit after tax climbed 28% to reach Rs 27 crore in FY26 while serving more than 190 clients.

Sources checked by our analysis pipeline: 1

The Rs 255 crore book-built issue comprises an entirely fresh issue of 1.70 crore shares. The price band has been fixed at Rs 142–150 per share, with a lot size of 100 shares. Retail investors need to invest a minimum of Rs 15,000 to apply for one lot at the upper end of the price band.

The IPO closes on October 29, 2026, and the allotment is expected to be finalised on October 30. The shares are tentatively scheduled to list on the NSE and BSE on November 3, 2026. Unistone Capital Pvt. Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar to the issue.

BLS Polymers IPO subscription status

On Day 3, as of 10:05 am, BLS Polymers IPO was subscribed 42.47 times overall against 1.19 crore shares on offer.The non-institutional investor (NII) portion was subscribed 103.25 times against 25.50 lakh shares offered, while the retail individual investor (RII) category was subscribed 33.70 times against 59.50 lakh shares on offer.

The qualified institutional buyer (QIB) portion was subscribed 12.21 times against 34 lakh shares offered.

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