BLS Polymers Ltd. IPO Details
BLS Polymers was incorporated on January 16, 1991. The company manufactures custom polymer compounds for critical industries such as power, telecom, railways, water, and oil and gas. Its products are used in wires, cables, and pipeline coatings for insulation, jacketing, and corrosion protection
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 17.0 M | - | - | ₹0 | DRHP DOC |
BLS Polymers issue details
BLS Polymers has 17.0 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
BLS Polymers IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
BLS Polymers NUMBER OF SHARES ON OFFER
BLS Polymers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 328.4 | 21.1 | 24.9 | 22.4 | 12.1% |
| FY24 | 296.4 | 7.6 | 2.7 | -0.2 | 7.1% |
| FY23 | 314.6 | 6.3 | -8.9 | -12.8 | 5.7% |
BLS Polymers INFORMATION ON IPO ISSUE
About BLS Polymers
BLS Polymers was incorporated on January 16, 1991. The company manufactures custom polymer compounds for critical industries such as power, telecom, railways, water, and oil and gas. Its products are used in wires, cables, and pipeline coatings for insulation, jacketing, and corrosion protection
Object of the Issue
- Financing the capital expenditure requirement towards expansion of the existing manufacturing facility at Goa by increasing the manufacturing capacity of certain of the existing products
- Funding working capital requirements of the company
- General corporate purposes
BLS Polymers - PROMOTERS
| Name |
|---|
| Vinod Aggarwal |
| Sushil Aggarwal |
| Madhukar Aggarwal |
| Diwakar Aggarwal |
| Karan Aggarwal |
BLS Polymers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Karan Aggarwal | Chairman and Managing Director |
| Dinesh Sharma | Executive Director |
| Vinod Aggarwal | Non-Executive Director |
| Parveen Kumar Goyal | Independent Director |
| Shivani Mishra | Independent Director |
| Arun Kumar Verma | Independent Director |
BLS Polymers Book Running Lead Manager
Unistone Capital Private Limited
mb@unistonecapital.com
BLS Polymers Registrar to the Offer
KFin Technologies Limited
blsploymers.ipo@kfintech.com
BLS Polymers Strengths
Product development
The company has in-house capabilities for product development, focusing on creating new polymer compositions suited to customer needs and market demand. Over time, it has strategically diversified its portfolio to add new applications and enhance product properties
Market presence
The company maintains a strong domestic footprint with its products sold across several states and union territories in India. Its offerings are primarily used in wire, cable, and industrial pipeline applications. A majority of its revenue is generated from the domestic market, reflecting its wide customer reach
Customer relationships
With decades of experience, the company has built long-standing relationships with customers across multiple industries. A large portion of its client base consists of repeat buyers, underscoring trust and satisfaction with its products
BLS Polymers Risks
Lack of long-term contracts
The company does not maintain long-term commitment agreements with its customers and instead relies on blanket purchase orders issued from time to time. This exposes the business to risks if customers reduce orders, terminate arrangements, or default on payments
Regulatory approval risk
The company’s ability to sell products in certain industries depends on obtaining and maintaining approvals or enlistments with government bodies, regulators, public sector undertakings, and large institutional buyers. Without these approvals, access to critical infrastructure projects and market expansion may be restricted
Dependent on repeat orders
A substantial portion of the company’s revenue comes from repeat orders, which exposes the company to concentration risks. Any disruption in repeat orders due to quality issues, inability to meet urgent demand, disputes, or financial difficulties of customers could materially impact results
IPO FAQs
The promoters of the company are Vinod Aggarwal, Sushil Aggarwal, Madhukar Aggarwal, Diwakar Aggarwal and Karan Aggarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.