BLS Polymers IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 | June 2026 |
|---|---|---|---|---|
| Revenue | 301.50 | 336.70 | 354.41 | 107.81 |
| Expense | 291.81 | 308.43 | 318.43 | 94.13 |
| Profit (PAT) | 7.52 | 21.14 | 27.01 | 10.23 |
| Total Assets | 168.49 | 179.14 | 206.13 | 231.34 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| BLS Polymers This IPO | 5.99 | 31.98 | 28.45 | 21.08 |
| Kingfa Science & Technology (India) | 144.10 | 46.25 | 13.24 | 1,155.40 |
| DDev Plastiks Industries Limited | 19.50 | 12.97 | 19.92 | 97.93 |
| Plastiblends India Limited | 14.12 | 14.53 | 8.17 | 172.78 |
Strengths & Risks
- Healthy grey-market premium — +18% over the issue price.
- Strong return on equity — 33%.
- Grey-market premium is slipping during the bidding window.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About BLS Polymers
BLS Polymers is one of the leading firm that manufactures specialised polymer compounds used in wires, cables, and underground pipelines. Its product range consists of HDPE, MDPE, LLDPE, XLPE, PVC, HFFR, cable filling compounds, and adhesive coating compounds, serving a wide range of industries including power, telecommunications, railways, water, and oil and gas. Its manufacturing facility is situated in Goa, equipped with 11 machines and spread across approximately 24,220 sq. metres. Moreover, BLS Polymers has its own in-house lab, a quality control team, and an ISO certification. Furthermore, the firm also designs customised products to meet the needs of the customer’s requirements. As of now, BLS Polymers serves more than 190 customers and exports its products to countries including Bangladesh, Egypt, Saudi Arabia, the UAE, the USA, and Zambia.
Company Contact Information
BLS Polymers Ltd., 604, Indra Prakash,, 21, Barakhamba Road, Delhi, New Delhi, 110001
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of our existing products | 69.84 |
| Funding working capital requirements of our Company | 75.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
BLS Polymers IPO - Quick Take
BLS Polymers has set a price band of Rs 142–Rs 150 per share for an issue size of Rs 255 crore. The Mainboard issue is scheduled to open for subscription on October 27, 2026 — 7 days from now.
The issue is promoted by Vinod Aggarwal, Sushil Aggarwal, Madhukar Aggarwal, Diwakar Aggarwal and Karan Aggarwal with Unicon Capital Services Pvt.Ltd acting as lead manager. Net proceeds will primarily be used towards financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufact… (Rs 70 crore) and funding working capital requirements of our Company (Rs 75 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 31.98x. On fundamentals, the company is posting revenue growth of 5.3%, a profit margin of 7.6%, return on equity of 33.2% in its most recent reported period. Listed peers in this segment include Kingfa Science & Technology (India) (P/E 46.25x) and DDev Plastiks Industries Limited (P/E 12.97x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Frequently Asked Questions
BLS Polymers IPO GMP — What It Means
How much weight does a GMP like this carry? Of the 24 Mainboard IPOs we have tracked with a final GMP between 10% and 25%, 22 listed above the issue price, and the typical gap between the GMP-implied and the actual listing gain was 4.7 points. Read it as a guide to direction, not a price target — and alongside subscription demand and the company's fundamentals.
See the full BLS Polymers GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
Same sector or same stage as BLS Polymers
No comments yet. Be the first to share your opinion!