Ahmedabad: BLS Polymers Limited, a manufacturer of customised polymer compounds for the wire, cable and infrastructure industries, will open its initial public offering (IPO) for subscription on October 27, 2026. The issue will close on October 29, with the anchor investor bidding scheduled for October 26.
The IPO comprises a fresh issue of 1.70 crore equity shares, with a price band of ₹142–₹150 per share. At the upper end of the price band, the company aims to raise ₹255 crore. Investors can bid for a minimum of 100 shares and in multiples of 100 thereafter. Unistone Capital Private Limited is the book-running lead manager, while KFin Technologies Limited is the registrar to the issue. The company proposes to list its shares on the BSE and NSE.
According to the Red Herring Prospectus, BLS Polymers plans to utilise ₹77.56 crore of the proceeds for expanding its manufacturing facility and increasing production capacity, while ₹89.50 crore will be allocated towards working capital requirements. The remaining proceeds will be used for general corporate purposes and offer expenses.
Headquartered in New Delhi, BLS Polymers manufactures a range of polymer compounds, including HDPE, MDPE, LLDPE, XLPE, PVC, halogen-free flame-retardant compounds and cable-filling compounds. Its manufacturing facility in Goa spans approximately 24,220 square metres and has an installed capacity of 35,251 metric tonnes per annum.
The company operates across 23 Indian states and union territories and exports to 13 countries. During the quarter ended June 30, 2026, and the preceding three financial years, it served more than 325 customers across the power cable, telecommunications and infrastructure sectors. For FY2026, BLS Polymers reported revenue from operations of ₹349.43 crore and profit after tax of ₹27.01 crore. In the first quarter of FY2027, ended June 30, 2026, the company recorded revenue of ₹107.03 crore and profit after tax of ₹10.23 crore.
