BLS Polymers IPO subscribed 9.6 times on Day 1: Check price band, lot size and key dates

Specialised polymer compounds manufacturer BLS Polymers launched its ₹255 crore initial public offering on Tuesday, October 27. The issue will conclude on October 29. The price band has been fixed at ₹142 to ₹150 per share.

The initial share sale is exclusively a fresh issuance of 1.70 crore shares, with no offer for sale (OFS) component.

The net proceeds will be used for expansion of its existing manufacturing facility at Goa, funding working capital requirements and general corporate purposes.

"In addition, our company expects to receive the benefits of listing of the equity shares on the stock exchanges and enhancement of our company’s brand name amongst our existing and potential customers and creation of a public market for our equity shares in India," the company said in its red herring prospectus.

BLS Polymers IPO Day 1: Subscription status

The issue has been subscribed 9.60 times on the first day of issue, according to the NSE data until 5 pm.

BLS Polymers IPO lot size

Retail investors can apply for at least 100 shares and in multiples thereafter.

BLS Polymers IPO allotment and listing date

Before the IPO, the company raised ₹76.50 crore from anchor investors, including Nakshatra Bharat Vantage Fund, Venus Investments VCC, Radiant Global Fund, Pine Oak Global Fund, Vikasa India EIF I Fund and Innovative Vision Fund.

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

It operates across 23 states and Union Territories and exports products to 13 nations, including the US, Saudi Arabia, the UAE, Germany and Bangladesh.

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

The company recorded revenue from operations of ₹349.43 crore and a net profit of ₹27.01 crore in the financial year 2025026. In the June quarter of FY27, it reported revenue of ₹107.03 crore and a post-tax profit of ₹10.23 crore.

Unistone Capital is the issue's book-running lead manager, while KFin Technologies is the registrar.