Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
BLS Polymers IPO
BLSPOLYPrice Band
₹142.0–150.0
Issue Size
₹255.0 Cr
Lot Size
100 shares
Min Investment
₹15,000
GMP
+₹40.0 (26.67%)
Issue Price
₹150.0
Subject to Sauda
₹3000
Paid only if allotted
BLS Polymers IPO AI Summary
- BLS Polymers IPO is upcoming on BSE, NSE in the Plastic Products - Industrial sector.
- Price band: ₹142.0–₹150.0 per share, lot size 100 shares (min. investment ₹15,000).
- Subscription window: 27 Oct–29 Oct 2026, listing on 03 Nov 2026.
- Current GMP is +₹40.0 (26.67%), an estimated listing price of ₹190 — unofficial and can change daily.
BLS Polymers is set to enter the market with an IPO priced at ₹150, aiming to raise ₹255 Cr. With a strong product portfolio and a significant domestic presence, the company is well-positioned for growth, though potential investors should consider market conditions and inherent risks.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 27 Oct 2026 · in 1 days
BLS Polymers IPO Grey Market Premium (GMP) Today
GMP
+₹40.0
GMP %
+26.67%
Est. Listing
₹190.0
Updated: 26 Oct 2026 23:30
GMP Trend (Last 7 Days)
TopFund Score — Listing Data Indicator
GMP is 26.7% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 17.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
BLS Polymers is a leading manufacturer of custom-formulated polymer compounds catering to critical infrastructure sectors such as telecommunications, power, railways, water, and oil & gas distribution. Product offerings: Its diverse 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. The company has established a strong PAN India presence across 24 states/union territories. In Fiscal 2025, it has served 113 repeat customers and 53 new customers. Market Presence: It sells products domestically and overseas such as Bangladesh, Egypt, Oman, Saudi Arabia, Turkey, United Arab Emirates, United States of America and Zambia. In Fiscal 2025, it has derivedm 91.57% of revenue from domestic operations and remaining 8.43% from export operations. Manufacturing Facility: Goa across 24,220 sq ft, equipped with advanced machineries. Competititve Strengths Enlisted with prominent government agencies with pre-approved product portfolio. Diversified industry applications with differentiated product portfolio Long-standing relationships with our customers PAN-India market presence Integrated product development capabilities
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 231.34 | 206.13 | 179.14 | 168.49 |
| Total Income | 107.81 | 354.41 | 336.70 | 301.50 |
| Profit After Tax | 10.23 | 27.01 | 21.14 | 7.52 |
| EBITDA | 16.21 | 46.60 | 39.66 | 21.05 |
| NET Worth | 105.17 | 94.93 | 67.94 | 46.83 |
| Reserves and Surplus | 60.14 | 49.90 | 58.34 | 37.23 |
| Total Borrowing | 62.91 | 51.72 | 73.92 | 93.77 |
Key Ratios
EPS
₹6.00
NAV
₹21.08
ROE
33.17%
ROCE
29.51%
RoNW
28.45%
P/B Value
7.12
P/E Ratio
25
Market Cap
₹930.48 Cr
PAT Margin
7.73%
Debt/Equity
0.56
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Plastiblends India Ltd. | 172.78 | 8.17% | 14.53 | 14.12 | 14.12 |
| Ddev Plastiks Industries Ltd. | 97.93 | 19.92% | 12.97 | 19.5 | 19.5 |
| Kingfa Science & Technology (india) Ltd. | 1155.4 | 13.24% | 46.25 | 144.1 | 144.1 |
| BLS Polymers Limited This IPO | 21.08 | 28.45% | — | 5.99 | 5.99 |
Promoters
Vinod Aggarwal, Sushil Aggarwal, Madhukar Aggarwal, Diwakar Aggarwal, Karan Aggarwal
Objects of the Issue
# | Issue Objects | Est Amt (₹ Cr.) 1 | Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of the existing products | 77.56 2 | Funding working capital requirements of the Company | 89.50 3 | General Corporate Purposes | | Total | 167.06
IPO Evaluation
Generated 24 Oct 2026Revenue Trend
For the period ending June 30, 2026, total income was ₹107.81 Cr, a decrease from ₹354.41 Cr for the full year ending March 31, 2026. This decline is notable as the June figure represents a 9-month period, not a full fiscal year, making direct comparisons challenging. Prior to that, total income was ₹336.70 Cr for the year ending March 31, 2025, showing a consistent revenue trend over the previous years.
Profit Trend
Profit After Tax was ₹10.23 Cr for the period ending June 30, 2026, down from ₹27.01 Cr for the year ending March 31, 2026. This reduction also reflects the shorter reporting period, which is not directly comparable to a full fiscal year. The profit for the year ending March 31, 2025, was ₹21.14 Cr, indicating a progressive growth in profitability prior to the most recent period.
Valuation
At the issue price of ₹150, BLS Polymers has an implied P/E ratio of 25, compared to peer group P/E ratios ranging from 12.97 to 46.25. This positions BLS Polymers at a premium relative to some of its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of an IPO's expected listing price. It reflects the price at which shares are being traded in the grey market before they are officially listed. A positive GMP suggests strong demand, while a negative GMP may indicate weak interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Factors such as the company's growth potential, market conditions, and financial health should be considered.
Who May Want to Wait
Conservative investors or those averse to risk may want to avoid IPOs like this, especially if they are uncomfortable with potential price fluctuations or the uncertainties associated with new market entrants.
IPO Timeline, Explained
The IPO opens for subscription on October 27, 2026, and closes on October 29, 2026. Allotment of shares is expected by October 30, 2026, with the listing date set for November 3, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange for the first time. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing. Investors should be aware of the risks involved in relying solely on listing gains.
This evaluation is generated from BLS Polymers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is BLS Polymers IPO GMP today?
BLS Polymers IPO GMP today is +₹40.0 (26.67%), indicating an estimated listing price of ₹190. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of BLS Polymers IPO?
The price band of BLS Polymers IPO is ₹142.0–₹150.0 per share.
When does BLS Polymers IPO open and close?
BLS Polymers IPO opens on 27 October 2026 and closes on 29 October 2026.
When does BLS Polymers IPO list on the stock exchange?
BLS Polymers IPO is scheduled to list on 03 November 2026, with an estimated listing price of ₹190.0 based on current GMP.
What is the lot size for BLS Polymers IPO?
The lot size for BLS Polymers IPO is 100 shares, requiring a minimum investment of ₹15,000.
What is the TopFund Listing Data Indicator for BLS Polymers?
BLS Polymers's Listing Data Indicator score is 60/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the BLS Polymers IPO?
The price band for the BLS Polymers IPO is ₹142 to ₹150.
What is the minimum investment required?
The minimum investment required is ₹15,000.
What is the lot size for the IPO?
The lot size for the BLS Polymers IPO is 100 shares.
When is the listing date for the IPO?
The listing date for the IPO is November 3, 2026.
What does GMP mean?
GMP, or Grey Market Premium, indicates the expected listing price of the IPO shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Oct 2026
Close
29 Oct 2026
Allotment
30 Oct 2026
Listing
03 Nov 2026
Similar IPOs in Plastic Products - Industrial
Plan Your IPO Investment
Related Articles
Full Analysis
Should you apply? Company analysis, GMP explained & FAQs
Community Sentiment
What are other investors planning for BLS Polymers?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.