Business & Finance

BLS Polymers Launches Mainboard IPO with ₹255 Crore Target

By Jagat Joshi

BLS Polymers has opened subscription for its mainboard IPO on Tuesday, 27 October 2026, with the process closing on 29 October 2026. The company aims to raise approximately ₹255 crore. The allotment is divided into 35 % retail, 50 % QIB and 15 % NII. Shares will be priced in a band of ₹142 to ₹150 each. The minimum application is 100 shares, costing ₹15,000. The shares will be listed on the BSE and NSE.

BLS Polymers is a leading manufacturer of specialised polymer compounds used in wires, cables and underground pipelines. Its product range includes HDPE, MDPE, LLDPE, XLPE, PVC, HFFR, cable‑filling compounds and adhesive coating compounds, serving sectors such as power, telecommunications, railways, water and oil and gas. The company’s Goa facility covers about 24,220 sq. metres, houses 11 machines, an in‑house laboratory, a quality‑control team and holds ISO certification. It customises products to meet customer requirements and serves more than 190 customers, exporting to Bangladesh, Egypt, Saudi Arabia, the UAE, the USA and Zambia.

Investors can apply through ASBA via their bank’s online portal or by submitting a paper form. The IPO is available to retail individual investors, NRIs, employees and eligible shareholders. Live subscription numbers are updated hourly on the official websites.

Jagat Joshi, founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research, providing coverage of upcoming IPOs, subscription trends, grey‑market premiums and post‑listing performance.