BLS Polymers Share Price: Stock Lists at 65% Premium on Debut
- 3rd November 2026
- 11:00 AM
- 4 min read
Summary
BLS Polymers shares listed at ₹248 on NSE on November 3, 2026, a 65.33% premium over the initial public offering (IPO) price of ₹150. On BSE, the stock opened at ₹244.10, up 62.73%. The ₹255 crore issue was subscribed 241.22x during its three-day bidding window from October 27 to 29.Mumbai | November 3, 2026
BLS Polymers, a maker of polymer compounds for wires, cables and pipelines, listed at ₹248 on NSE on Tuesday. This is a 65.33% premium over its issue price of ₹150. On BSE, the stock began trading at ₹244.10, a premium of 62.73%.
What Were BLS Polymers’ Listing Prices on NSE and BSE?
The stock listed above its issue price on both exchanges. At the NSE listing price, one lot of 100 shares was worth ₹24,800, a gain of ₹9,800 per lot.
| Exchange | Issue price | Listing price | Premium |
| NSE | ₹150 | ₹248 | 65.33% |
| BSE | ₹150 | ₹244.10 | 62.73% |
Before listing, the grey market premium (GMP) stood at ₹69 on November 3, 2026.
Grey market premium is an unofficial indicator based on unregulated trading activity and does not guarantee listing-day performance.
How Strongly Was the BLS Polymers IPO Subscribed?
The IPO was subscribed 241.22x overall. It received bids for 2,87,05,58,600 shares, worth ₹43,058.25 crore, against 1,19,00,000 shares on offer. The issue drew nearly 61.60 lakh applications.
| Investor category | Shares offered | Subscription |
| Qualified institutional buyers (QIBs) | 34,00,000 | 200.25x |
| Non-institutional investors (NIIs) | 25,50,000 | 559.20x |
| Small NIIs (bids up to ₹10 lakh) | 8,50,000 | 491.94x |
| Big NIIs (bids above ₹10 lakh) | 17,00,000 | 592.83x |
| Retail individual investors (RIIs) | 59,50,000 | 128.36x |
| Overall | 1,19,00,000 | 241.22x |
When Does the Anchor Investor Lock-in End?
Anchor investors are large institutions that buy shares before an IPO opens to the public. BLS Polymers raised ₹76.50 crore from them on October 26, 2026, by allotting 51,00,000 shares. Half of these shares are locked in until November 28, 2026. The rest are locked in until January 27, 2027.
What Are the Key Details of the BLS Polymers IPO?
The BLS Polymers IPO was a fresh issue of 1.7 crore shares with no offer for sale (OFS) component. In a book-built issue, investors bid within a price band and the final price is set from those bids.
| Detail | Information |
| Issue size | ₹255 crore |
| Price band | ₹142 to ₹150 per share |
| Final issue price | ₹150 per share |
| Lot size | 100 shares |
| Minimum retail investment | ₹15,000 |
| Bidding dates | October 27 to 29, 2026 |
| Allotment date | October 30, 2026 |
| Listing date | November 3, 2026 |
| Market capitalisation at issue price | ₹930.48 crore |
| Book-running lead manager | Unistone Capital |
| Registrar | KFin Technologies |
How Will BLS Polymers Use the IPO Proceeds?
The company will use the money to grow production and fund daily operations.
- ₹77.56 crore will expand its manufacturing facility and raise production capacity for certain existing products.
- About ₹89.5 crore will meet working capital requirements.
- The balance will go to general corporate purposes.
What Does BLS Polymers Make?
Established in 1991, BLS Polymers makes custom-formulated polymer compounds for wires, cables and underground pipelines. It serves the power, telecommunications, railways, water, and oil and gas sectors.
The company runs an 11-machine facility in Goa spread across about 24,220 square metres, with an installed capacity of 35,251 metric tonnes per annum. It serves more than 190 customers and exports to Bangladesh, Egypt, Saudi Arabia, the United Arab Emirates, the United States and Zambia.
How Did BLS Polymers Perform in FY26?
In the financial year 2025–26 (FY26), total income rose 5% to ₹354.41 crore and profit after tax rose 28% to ₹27.01 crore. Total borrowing fell to ₹51.72 crore from ₹73.92 crore in FY25.
| Particulars (₹ crore) | FY24 | FY25 | FY26 |
| Total income | 301.50 | 336.70 | 354.41 |
| Profit after tax | 7.52 | 21.14 | 27.01 |
| Earnings before interest, taxes, depreciation and amortisation (EBITDA) | 21.05 | 39.66 | 46.60 |
| Net worth | 46.83 | 67.94 | 94.93 |
| Total borrowing | 93.77 | 73.92 | 51.72 |
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