Ahmedabad, October 24, 2026: BLS Polymers Limited, a manufacturer of various grades of custom-formulated polymer compounds, has announced that its Initial Public Offering (IPO) will open for subscription on Tuesday, October 27, 2026. The IPO will close on Thursday, October 29, 2026, while bidding for anchor investors will take place on Monday, October 26, 2026.
The company plans to raise ₹255 crore through a fresh issue of equity shares and has proposed to list its shares on the BSE and NSE platforms.
The IPO price band has been fixed at ₹142–₹150 per equity share. Investors can bid for a minimum of 100 equity shares and thereafter in multiples of 100 shares. The face value of each equity share is ₹10.
The IPO comprises a fresh issue of 1.70 crore equity shares with a face value of ₹10 each through the book-building route. At the upper end of the price band, the allocation includes 85 lakh equity shares for Qualified Institutional Buyers (QIBs), 25.50 lakh shares for Non-Institutional Bidders (NIBs), and 59.50 lakh shares for Retail Individual Bidders (RIBs).
According to the Red Herring Prospectus, the company proposes to utilise ₹77.56 crore from the IPO proceeds towards expansion of its manufacturing facility and increasing the production capacity of its existing products to meet capital expenditure requirements.
A further ₹89.50 crore will be used to meet the company’s working capital requirements, while the remaining proceeds will be utilised for general corporate purposes and issue-related expenses.
Headquartered in New Delhi, BLS Polymers manufactures various grades of custom-formulated polymer compounds serving critical industries including telecommunications, power, railways, water, and oil and gas distribution.
The company’s diversified product portfolio includes High-Density Polyethylene (HDPE), Medium-Density Polyethylene (MDPE), Linear Low-Density Polyethylene (LLDPE), Cross-Linked Polyethylene (XLPE), Halogen-Free Flame Retardant (HFFR) compounds, Polyvinyl Chloride (PVC), Cable Filling Compounds (CFC), and Adhesive Coating Compounds.
In addition to its operations across 23 states and Union Territories in India, BLS Polymers has established an international presence by exporting to 13 countries, including Saudi Arabia, Bangladesh, Egypt, the UAE, the USA, Turkey, Oman, Zambia, Germany, Qatar, Romania, China and Poland.
During the three-month period ended June 30, 2026, as well as the preceding three financial years, the company served more than 325 customers across the power cable, telecommunications and infrastructure industries.
IPO at a Glance
- IPO Opening Date: October 27, 2026
- IPO Closing Date: October 29, 2026
- Anchor Investor Bidding: October 26, 2026
- Price Band: ₹142–₹150 per share
- Issue Size: ₹255 crore
- Fresh Issue: 1.70 crore equity shares
- Face Value: ₹10 per share
- Minimum Bid: 100 shares
- Listing: BSE and NSE
- Book Running Lead Manager: Cornerstone Capital Private Limited
- Registrar: KFin Technologies Limited
