BLS Polymers witnessed sustained buying interest after its ₹255-crore fresh issue was subscribed 241.22 times, sending shares to a record high of ₹288. The New Delhi-headquartered firm intends to deploy ₹77.56 crore to expand its 35,251 metric-tonne Goa facility and ₹89.5 crore for working capital needs. Serving critical industries across 23 domestic territories and 13 export markets, the business generated ₹349.43 crore in FY26 operational revenue with an improved EBITDA margin of 13.33%.
Key points
The public issue attracted robust institutional and retail interest, achieving a total su…: The public issue attracted robust institutional and retail interest, achieving a total subscription rate of 241.22 times.
Analysts recommend monitoring the company's execution of planned capacity expansions, rev…: Analysts recommend monitoring the company's execution of planned capacity expansions, revenue performance, and cash flows.
Growth initiatives align with projections showing the domestic polymer compounding market…: Growth initiatives align with projections showing the domestic polymer compounding market expanding to $16.5 billion by 2031.
Sources checked by our analysis pipeline: 1
BLS Polymers share price extended their winning streak for a second consecutive session on Wednesday, 4 November, rising nearly 7% to hit a fresh record high of ₹288 apiece on the BSE. The stock has surged around 92% over its IPO price of ₹150, following an impressive market debut on Tuesday.
The stock had listed at a substantial premium on 3 November, closing nearly 79.5% above its issue price. On the BSE, BLS Polymers shares opened at ₹244.10, marking a gain of 62.73% over the IPO price. Buying interest intensified during the session, taking the stock to an intraday high of ₹285.25, up 90.16%. It eventually settled at ₹269.30, a premium of 79.53%.
On the NSE, the shares debuted at ₹248, representing a 65.33% premium over the issue price, and closed at ₹268.80, up 79.2%. The company commanded a market capitalisation of ₹1,670.52 crore at the close of its listing day session.
The company's ₹255-crore initial public offering (IPO) witnessed overwhelming investor demand, with the issue subscribed 241.22 times on the final day of bidding on Thursday. The IPO was…
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