BLS Polymers concluded its primary share sale in a price band of Rs 142 to Rs 150 per share, backed by a grey market premium suggesting an opening price near Rs 218. The company intends to channel proceeds primarily into factory expansion in Goa and to satisfy ongoing operational funding requirements. With products tailored for essential infrastructure sectors like power and railways, the firm maintains an international footprint covering more than 190 clients across regions including the US, Saudi Arabia, and Egypt.
Key points
The entire Rs 255-crore public offering consists of 1.70 crore newly issued equity shares.: The entire Rs 255-crore public offering consists of 1.70 crore newly issued equity shares.
Total company income expanded five percent to reach Rs 354 crore during the FY26 fiscal y…: Total company income expanded five percent to reach Rs 354 crore during the FY26 fiscal year.
Annual profit after tax increased twenty-eight percent to Rs 27 crore prior to the public…: Annual profit after tax increased twenty-eight percent to Rs 27 crore prior to the public listing.
Sources checked by our analysis pipeline: 1
The Rs 255-crore book-built issue comprised an entirely fresh issue of 1.70 crore shares. The company had fixed the price band at Rs 142-150 per share, with a lot size of 100 shares. Retail investors applying for one lot at the upper end of the price band were required to invest a minimum of Rs 15,000.
The IPO, which opened for subscription on October 27 and closed on October 29, received an overwhelming response, garnering an overall subscription of 241.22 times. The non-institutional investor (NII) category was subscribed 559.20 times, while the qualified institutional buyers (QIB) portion saw 200.25 times subscription. The retail individual investor category was subscribed 128.36 times.
The company's shares are tentatively scheduled to list on both the BSE and NSE on November 3, 2026.
Unistone Capital Pvt. Ltd. acted as the book-running lead manager to the issue, while KFin Technologies Ltd. was the registrar.
BLS Polymers IPO GMP today
BLS Polymers IPO was commanding a grey market premium (GMP) of around Rs 68 per share. With the upper end of the price band at Rs 150,…
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