BLS Polymers to launch Rs 255-crore IPO on October 27; sets price band at Rs 142–150 per share

The share allotment is expected to be finalised by October 30, while the company's equity shares are scheduled to list on the stock exchanges on November 3. BLS Polymers filed its draft IPO documents with the Securities and Exchange Board of India (SEBI) in August 2025. The regulator subsequently cleared the issue in December 2025. The company plans to utilise Rs 77.56 crore of the net IPO proceeds to expand its existing manufacturing facility in Goa by increasing the production capacity of select products.

Additionally, Rs 89.5 crore will be allocated towards meeting working capital requirements, while the remaining proceeds will be used for general corporate purposes. BLS Polymers manufactures various grades of custom-formulated polymer compounds for industries such as telecommunications, power, railways, water, and oil and gas distribution. These polymer compounds serve as raw materials for the sheathing, jacketing and insulation of wires and cables used in the power, telecommunications and railway sectors.

They are also used to coat underground oil, gas and water pipelines, protecting them against corrosion and external environmental factors. The company currently manufactures all its products at its Goa facility, which is equipped with 11 dedicated production machines. In view of growing demand in international markets and the near-full utilisation of its existing capacity for polyethylene (PE) and cross-linked polyethylene (XLPE) compounds, BLS Polymers has proposed to expand its manufacturing capacity for these products by 52,050 metric tonnes per annum (MTPA), taking the total capacity to 87,301 MTPA.

The wire and cable segment contributed 81 per cent of the company's revenue in FY26, while industrial pipelines accounted for the remaining 19 per cent. For the financial year ended March 2026, BLS Polymers reported a net profit of Rs 27 crore, up 27.8 per cent from Rs 21.1 crore in the previous financial year. Revenue rose 6.4 per cent to Rs 349.4 crore from Rs 328.4 crore a year earlier. For the quarter ended June 2026, the company reported a profit of Rs 10.2 crore on revenue of Rs 107.02 crore. Unistone Capital has been appointed as the merchant banker to manage the BLS Polymers IPO.