BSE List Price : ₹244.10

NSE List Price : ₹248.00

Subscription

Category	Times
QIBs	200.25x
HNIs	559.20x
Retail	128.36x
Total : 241.22x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	100	₹15,000
Retail Maximum	13	1,300	₹195,000
S - HNI Minimum	14	1,400	₹210,000
S - HNI Maximum	67	6,600	₹990,000
B - HNI Minimum	68	6,700	₹1,005,000

About the Company

BLS Polymers Limited manufactures specialised polymer compounds used in the telecommunications power railway water and oil and gas industries. Its products are used for wire and cable insulation and protective coatings for underground pipelines.

Business Model: The company generates revenue through manufacturing and selling polymer compounds and trading selected raw materials. It operates a manufacturing facility in Goa.

Products & Services

• High-Density Polyethylene (HDPE) compounds

• Medium-Density Polyethylene (MDPE) compounds

• Linear Low-Density Polyethylene (LLDPE) compounds

• Cross-Linked Polyethylene (XLPE) compounds

• Polyvinyl Chloride (PVC) compounds

• Halogen-Free Flame Retardant (HFFR) compounds

• Cable-filling compounds

• Adhesive coating compounds for pipeline protection

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹301.50	₹291.81	₹7.52	₹168.49
2025	₹336.70	₹308.43	₹21.14	₹179.14
2026	₹354.41	₹318.43	₹27.01	₹179.14
June 2026	₹107.81	₹94.13	₹10.23	₹231.34

Company Promoter

Vinod Aggarwal

Sushil Aggarwal

Madhukar Aggarwal

Diwakar Aggarwal

Karan Aggarwal

Know before investing

• • Strengths

  • Established customer relationships: Supplies products to government agencies and public sector enterprises.

  • Multiple applications: Serves telecom power railways and pipeline infrastructure.

  • Specialised products: Manufactures customised compounds for specific technical requirements.

  • Product development: Has in-house product development and testing capabilities.

• • Risks

  • Customer concentration: A significant portion of revenue comes from a limited number of customers.

  • Single manufacturing location: Dependence on the Goa facility creates operational concentration risk.

  • Raw material exposure: Changes in raw material prices and availability can affect margins.

  • Working capital requirements: Funds may remain tied up in receivables and inventory.

  • Industry competition: Competition may affect pricing and profitability

Objects of the Issue & Utilisation of proceeds

To meet long-term working capital requirements: Rs.66.00 Crore

Funding capital expenditure towards purchase of heavy equipment: Rs.25.09 Crore

General Corporate Purposes: To be finalised

Company Address

BLS Polymers Ltd.
604, Indra Prakash,
21, Barakhamba Road
Delhi, New Delhi, 110001
Phone: +91 114 352 6312
Email: corporate@blspolymers.com
Website: http://www.blspolymers.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: blsploymers.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/