BLS Polymers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 12.02x | 3,400,000 | 40,877,400 | ₹51 Cr |
| NII (HNI) | 11.51x | 2,550,000 | 29,345,600 | ₹38 Cr |
| Retail | 6.24x | 5,950,000 | 37,128,500 | ₹89 Cr |
| Σ Total | 9.02x | 11,900,000 | 107,351,500 | ₹179 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹195,000 |
| S-HNI (Min) | 14 | 1,400 | ₹210,000 |
| B-HNI (Min) | 67 | 6,700 | ₹1,005,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|---|
| Revenue | 108 | 354 | 337 |
| EBITDA | 16 | 47 | 40 |
| Profit After Tax | 10 | 27 | 21 |
| Net Worth | 105 | 95 | 68 |
| Total Assets | 231 | 206 | 179 |
| Reserves & Surplus | 60 | 50 | 58 |
| Total Borrowing | 63 | 52 | 74 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of the existing products – 77.56
- Funding working capital requirements of the Company – 89.50
- General Corporate Purposes –
Company Overview
BLS Polymers Ltd. manufactures specialised polymer compounds used in wires, cables and underground pipelines. Its products include HDPE, MDPE, LLDPE, XLPE, PVC, HFFR, cable filling compounds and adhesive coating compounds, catering to industries such as power, telecommunications, railways, water, and oil and gas.
The company operates a manufacturing facility in Goa, spread across approximately 24,220 sq. metres and equipped with 11 machines. It has an in-house laboratory, a quality control team and ISO 9001:2015 certification. The company also develops customised products to meet specific customer requirements.
BLS Polymers serves more than 190 customers and exports its products to countries including Bangladesh, Egypt, Saudi Arabia, the UAE, the USA and Zambia.
Its proximity to Mormugao Port supports the import of raw materials and export of finished products.
Competitive Strengths
- Government Approvals: Enlisted with prominent government agencies with a pre-approved product portfolio.
- Diversified Product Portfolio: Caters to multiple industries with specialised polymer compounds.
- Established Customer Relationships: More than 100 customers have been associated with the company for over three years.
- Wide Market Presence: Serves customers across India and international markets.
- Product Development Capabilities: Develops customised polymer compounds to meet specific industry and customer requirements.