BLS Polymers IPO allotment: How to check status online on NSE, BSE, KFin Technologies; listing date, time revealed

BLS Polymers IPO allotment status is expected to be finalised on Thursday, October 30. Investors who have applied for the public offering can visit the websites of the NSE, the BSE and KFin Technologies.

The initial share sale was subscribed a whopping 241.22 times, driven by strong demand from non-institutional investors (NIIs). It got bids for 2,87,05,58,600 shares, worth ₹43,058.25 crore, compared to 1,19,00,000 shares on offer, according to the NSE data.

The category for non-institutional investors received 559.20 times subscription, while the portion for qualified institutional buyers (QIBs) was subscribed 200.25 times. The retail individual investors portion was booked 128.36 times.

The ₹255 crore IPO comprised entirely a fresh issue of 1.7 crore equity shares. With a price band of ₹142 to ₹150 per share, a lot consisted of 100 shares.

Funds to the tune of ₹77.56 crore will be used to expand its manufacturing unit and increase production capacity for certain existing products. Around ₹89.5 crore has been kept aside for working capital needs and the rest will go towards general corporate purposes.

BLS Polymers is engaged in the manufacturing of custom-formulated polymer compounds used in industries such as power, railways, water, telecommunications, and oil and gas distribution. The firm operates a manufacturing facility in the state of Goa with an installed capacity of 35,251 metric tonnes per annum.

Established in 1991, the company is part of the BLS Group, which has interests in education, polymers, visa and consular services, banking business correspondent services, textiles and e-governance.

BLS Polymers IPO allotment date and time

The basis of allotment for BLS Polymers is likely to be finalised on Friday, October 30, in the evening.

How to check BLS Polymers IPO allotment status online on NSE

• Visit NSE's allotment portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• From the 'Select Symbol' list, choose 'BLSPOLY’
• Fill in your PAN or application number
• Click on the 'Submit' button

Steps to check BLS Polymers IPO allotment status online on BSE

• Open this page: https://bseindia.com/investors/appli_check.aspx
• 'Equity' should be kept as the issue type
• From the IPO names, pick 'BLS Polymers Ltd'
• Add the PAN or IPO application number
• Press the ‘Search’ button

BLS Polymers IPO allotment status online on KFin Technologies; full steps

• Head to the official page of the registrar: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, choose 'BLS Polymers'
• Fill in your PAN, application number or Demat account number
• Hit the ‘Submit’ button

BLS Polymers IPO listing date and time

Shares of BLS Polymers Ltd will be listed on the NSE and the BSE on Tuesday, November 3 at 10 am.