BLS Polymers Ltd. IPO
IPO Timeline
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27 Oct 2026Bidding Starts
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29 Oct 2026Bidding Ends
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30 Oct 2026Allotment Finalization
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3 Nov 2026Listing
About BLS Polymers Ltd.
We are a manufacturer of multiple grades of custom formulated polymer compounds, catering to diversified critical industries such as telecommunication, power, railways, water, oil and gas distribution, among others. As per CRISIL Report, polymer compounds are used as an essential raw material for sheathing, jacketing and insulation of wires and cables used in power, telecommunication and railway industries as well as coating of underground oil, gas and water pipelines, in order to provide a protective infrastructure from corrosion and external environmental factors. The product portfolio is well diversified to offer varied solutions in the wire and cables and infrastructure industry, and included products such as, high density polyethylene compounds (“HDPE”), medium-density polyethylene compounds (“MDPE”) and linear low-density polyethylene compounds (“LLDPE”), cross-linked polyethylene compounds (“XLPE”), halogen free flame retardant compounds (“HFFR”), polyvinyl chloride compounds (“PVC”), cable filling compounds (“CFC”) and adhesive coating compounds. As per CRISIL Report, HDPE, MDPE and LLDPE compounds are used in the wire and cable industry which offer insulation, sheathing
and jacketing based on the indicative requirement of the customer. While, XLPE, HFFR, PVC and CFC compounds add qualities such as strength, high voltage insulation and resistance, fire resistance and moisture resistance, as per the application of the end use product. In the wire and cable industry, polymers serve crucial functions in electrical insulation, mechanical protection, and overall cable performance. HDPE and adhesive coating compounds are key layers of 3LPE (three layer polyethylene) system (“3LPE Coating” i.e. Pipe Coating) used for coating of oil, gas and water distribution pipelines. 3LPE Coating is an effective solution for protecting high-capital-intensive pipelines from corrosion, chemicals and moisture, thereby ensuring long-term durability.
BLS Polymers Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 51,00,000 (30%) |
| Non Institutional Investors | 25,50,000 (15%) |
| Qualified Institutional Buyers (QIBs) | 34,00,000 (20%) |
| Retail Individual Investors (RIIs) | 59,50,000 (35%) |
BLS Polymers Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 354.41 Cr | 27.01 Cr | 49.90 Cr |
| 31 Mar 2025 | 336.70 Cr | 21.14 Cr | 58.34 Cr |
| 31 Mar 2024 | 301.50 Cr | 7.52 Cr | 37.23 Cr |
BLS Polymers Ltd. Background
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1991Incorporated as a public limited company under the Companies Act, 1956. 1993-
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2000Contributed as a partner in a partnership firm, namely, BL & Sons
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2001Set up a manufacturing unit in Goa to manufacture PVC compounds, cable filling compound, LDPE black sheathing compound, MDPE insulation compound and Polythene Insulated Jelly Filled (“PIJF”) cables.
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2007Received a source approval for cable filling compound (for PIJF Cables) Grade: BLS-201 and sheathing/jacketing compound (for PIJF cable) Grade: BLS 2222 from a Miniratna CPSE telecommunication company.
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2008Diversified the product portfolio by manufacturing of HDPE black compounds.
Received a source approval certificate for sheathing compound, HDPE for OF cables Grade: BLS 8888 OFC and insulation compound, HDPE (for PIJF cable) Grade: BLS 4444 from a Miniratna CPSE telecommunication company.
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2016Implemented ERP software for facilitating centralized data management.
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2017Diversified the product portfolio by manufacturing halogen-free flame retardant polymer compounds, used for cable insulation.
Received a source approval certificate for LSZH sheathing and jacketing compound Grade : BLS - HFFR - 1036 from a Miniratna CPSE telecommunication company.
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2018Diversified the product portfolio by manufacturing anti-tracking polyethylene compounds for optical fibre cables.
Received a source approval certificate for Anti-tracking Polyethylene for ADSS Optical Fibre Cable Grade:BLS- ATC - 1009 from a Miniratna CPSE telecommunication company.
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2020Diversified the product portfolio by manufacturing cross link polyethylene compound used for insulating power cables on account of its thermal, electrical, and mechanical properties.
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2022Diversified the product portfolio by manufacturing adhesive coating compounds for 3LPE Coating, for coating of industrial pipelines.
Shortlisted and designated as an approved vendor for the SAUNI Yojana, a flagship program of the Government of Gujarat, for manufacturing and supplying external 3LPE coating, adhesive (second layer) and PE compound (third layer). With this empanelment, we shall offer such products during the tenure of yojana, until modification is undertaken in the product composition or any change is notified by the Government of Gujarat.
Designated as an approved manufacturer of High Density Polyethylene compounds by a Maharatna CPSE power transmission company for its projects.
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2024Enlisted with a Navratna CPSE engineering consultancy company for the products viz., Adhesive Compound for 3LPE Coating and PE Compound for 3LPE Coating
Commenced export operations by supplying the products to Kingdom of Saudi Arabia, United Arab Emirates and Egypt.
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2026Enlisted with a government-promoted city gas distribution company for the products viz., Adhesive Compound for 3LPE Coating and PE Compound for 3LPE Coating.
Objects of the Issues are:
1. Financing the capital expenditure requirement towards expansion of the existing manufacturing facility at Goa (“Manufacturing Facility”) by increasing the manufacturing capacity of certain of the existing products.
2. Funding working capital requirements of the Company.
3. General Corporate Purposes.
The Promoters of the Company are:
1. Vinod Aggarwal
2. Sushil Aggarwal
3. Madhukar Aggarwal
4. Diwakar Aggarwal
5. Karan Aggarwal.
The polymer industry in India stands as one of the most significant sectors in the country's manufacturing landscape, playing a crucial role in economic development. India's polymer industry has demonstrated consistent growth over the years, primarily driven by increasing demand across various ... Read more
Phone no:43526312
FAQs
When does BLS Polymers Ltd. IPO opens and closes?
BLS Polymers Ltd. IPO opens from 27th October to 29th October 2026.What is the size of BLS Polymers Ltd. IPO?
The size of the BLS Polymers Ltd. IPO is ₹255.00 Cr.What is the price range of BLS Polymers Ltd. IPO?
The price range of BLS Polymers Ltd. IPO is at ₹142 to ₹150 per share.What is the minimum investment and lot size required for the BLS Polymers Ltd. IPO?
The minimum investment required is ₹15,000 and minimum lot size is 100 shares.When is BLS Polymers Ltd. IPO listing date?
The BLS Polymers Ltd. IPO will be listed on 3rd November 2026.What is the objective of BLS Polymers Ltd. IPO?
Objects of the Issues are:1. Financing the capital expenditure requirement towards expansion of the existing manufacturing facility at Goa (“Manufacturing Facility”) by increasing the manufacturing capacity of certain of the existing products.
2. Funding working capital requirements of the Company.
3. General Corporate Purposes.
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