BLS Polymers IPO allotment today; GMP at 45% — check status on BSE, NSE and registrar
The allotment of BLS Polymers' initial public offering (IPO) is expected to be finalised on October 30, a day after the Rs 255-crore issue closed for subscription
The allotment of BLS Polymers' initial public offering (IPO) is expected to be finalised on October 30, a day after the Rs 255-crore issue closed for subscription. Investors can check their allotment status through the registrar, KFin Technologies, or the stock exchanges once the basis of allotment is published. The IPO received an overwhelming response from investors, with the issue subscribed 241.22 times, according to NSE data.
The issue received bids for 2,87,05,49,400 shares against 1,19,00,000 shares on offer. Non-institutional investors (NIIs) led the demand, subscribing to their reserved portion 559.20 times. The qualified institutional buyer (QIB) category was subscribed 200.25 times, while the retail investor portion received bids for 128.36 times the shares reserved for it. Read Also: From selling paan to Rs 1,000-crore biryani business: How Nagasamy Naidu built Tamil Nadu's popular 'Dindigul Thalappakatti Biriyani'
In the grey market, BLS Polymers shares were commanding a premium of Rs 68, or around 45.33 percent, over the upper end of the price band, according to InvestorGain on October 30. At the upper price of Rs 150 per share, this indicates an estimated listing price of Rs 218. However, the grey market premium (GMP) is an unofficial indicator of investor sentiment and does not guarantee listing gains. It can fluctuate before listing and should not be treated as a prediction of the actual listing price.
BLS Polymers IPO allotment status: How to check Investors can check their allotment status online once the basis of allotment is finalised. Check allotment status on KFin Technologies Step 1. Visit the KFin Technologies IPO allotment website at https://ipostatus.kfintech.com/ Step 2. Select BLS Polymers from the list of issues, once available. Step 3. Choose an identification option, such as PAN or application number.
Step 4. Enter the required details and submit. Step 5. Your allotment status will be displayed on the screen. Check allotment status on BSE 1. Visit the BSE IPO application status page at https://www.bseindia.com/investors/appli_check 2. Select 'Equity' as the issue type. 3. Choose BLS Polymers from the IPO list. 4. Enter your application number or PAN, as requested. 5. Submit the details to view your allotment status.
Check IPO bid details on NSE Step 1. Visit the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids Step 2. Follow the instructions to verify your IPO bid. Step 3. Enter the details requested on the page. Step 4. Your allotment status will be displayed on the screen. The IPO opened for subscription on October 27 and closed on October 29. The company fixed the price band at Rs 142 to Rs 150 per share, valuing it at approximately Rs 930.5 crore at the upper end of the price band.
The issue comprises a fresh issue of 1.7 crore equity shares. Unlike an offer for sale, where proceeds go to selling shareholders, the proceeds from this fresh issue will be available to the company to fund its expansion and other requirements. BLS Polymers plans to use Rs 77.56 crore towards expanding its existing manufacturing facility in Goa. Another Rs 89.5 crore has been earmarked for working capital requirements, while the remaining proceeds will be used for general corporate purposes.
The allotment is scheduled for October 30, while refunds and demat credit are expected on November 2. The company's shares are scheduled to list on the BSE and NSE on November 3. Unistone Capital is the book-running lead manager to the issue, while KFin Technologies is the registrar. Ahead of the public issue, BLS Polymers raised Rs 76.5 crore through its anchor book. The company allotted 51 lakh equity shares to six institutional investors at Rs 150 per share, the upper end of the price band.
The anchor allocation formed part of the pre-IPO institutional participation ahead of the issue's opening for public subscription. BLS Polymers reported a net profit of Rs 27 crore in FY26, an increase of 27.8 percent from Rs 21.1 crore in FY25. Revenue from operations rose 6.4 percent year-on-year to Rs 349.4 crore in FY26, compared with Rs 328.4 crore in the previous financial year. For the quarter ended June 2026, the company reported a net profit of Rs 10.2 crore on revenue of Rs 107.02 crore.
Based in New Delhi, BLS Polymers manufactures custom-formulated polymer compounds in different grades for industrial applications. Its products are used as raw materials for the sheathing, jacketing and insulation of wires and cables deployed across the power, telecommunications and railway sectors. The company's polymer compounds are also used to coat underground oil, gas and water pipelines, helping protect them against corrosion and external environmental factors.
BLS Polymers currently operates a manufacturing facility in Goa equipped with 11 dedicated production machines. The proposed expansion is aimed at increasing the production capacity of selected products.
