Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of BLS Polymers Ltd. on December 16, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
BLS Polymers Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 1.70 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Unicon Capital Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to BLS Polymers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,70,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 1,70,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 4,50,31,834 shares |
| Share Holding Post Issue | 6,20,31,834 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Aug 6, 2025 |
| SEBI/Exchange approval received | Tue, Dec 16, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Issue |
| Retail Shares Offered | Not less than 35% of the Issue |
| NII Shares Offered | Not less than 15% of the Issue |
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
BLS Polymers Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 181% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 179.14 | 168.49 | 161.26 |
| Total Income | 336.70 | 301.50 | 316.78 |
| Profit After Tax | 21.14 | 7.52 | 6.25 |
| EBITDA | 39.66 | 21.05 | 17.92 |
| NET Worth | 67.94 | 46.83 | 39.26 |
| Reserves and Surplus | 58.29 | 37.16 | 29.64 |
| Total Borrowing | 73.92 | 93.77 | 89.60 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 our existing products | 69.84 |
| 2 | Funding working capital requirements of our Company | 75.00 |
| 3 | General Corporate Purpose |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 36.83% |
| ROCE | 25.46% |
| Debt/Equity | 1.11 |
| RoNW | 31.11% |
| PAT Margin | 6.44% |
| EBITDA Margin | 12.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.53% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commissions (including any underwriting commission, brokerage and selling commission) | |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 3 | Fees payable to Registrar to the Issue | |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | |
| 5 | Printing and stationery | |
| 6 | Fee payable to legal counsel | |
| 7 | Advertising and marketing | |
| 8 | Miscellaneous |
Lead Manager Reports
BLS Polymers IPO is a main-board IPO of 1,70,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The BLS Polymers IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in BLS Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in BLS Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BLS Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BLS Polymers IPO dates are not announced. Please check back again after some time.
BLS Polymers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in BLS Polymers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for BLS Polymers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the BLS Polymers IPO allotment status.
The BLS Polymers IPO listing date is not yet announced. The tentative date of listing is .
