- POSITIVE
Annual Revenue BLS Polymers Mar-2026 Annual Revenue is Rs 354 Cr which is growth of 5.3% YoY.
- POSITIVE
Annual Net Profit BLS Polymers Mar-2026 Annual Net Profit is Rs 27 Cr which is growth of 27.8% YoY.
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 |
|---|
| 27 Oct 2026 - 29 Oct 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,200 | 1 | 13 | 100 | 17.0 M | ₹142 - ₹150 | 71.53 % | ₹2,414.0 M - ₹2,550.0 M | RHP DOC |
BLS Polymers issue details
BLS Polymers has 17.0 M shares on offer
BLS Polymers IPO offer price is in the range ₹142 - ₹150
BLS Polymers IPO minimum Investment is ₹14200
BLS Polymers IPO issue size is ₹ 2,414.0 M - ₹ 2,550.0 M
BLS Polymers has a minimum lot size of 100 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
BLS Polymers IMPORTANT IPO DATES
| Issue Open Date | 27 Oct 2026 |
| Issue close Date | 29 Oct 2026 |
| Allotment Date | 30 Oct 2026 |
| Refund Date | 02 Nov 2026 |
| Demat Account Credit Date | 02 Nov 2026 |
| Listing Date | 03 Nov 2026 |
| Listing on Exchange(s) | NSE and BSE |
BLS Polymers IPO subscription opens on 27 Oct 2026, and closes on 29 Oct 2026
IPO allotment for BLS Polymers is expected to be finalized on Friday, 30 Oct 2026
IPO listing for BLS Polymers will be on NSE and BSE on Tuesday, 03 Nov 2026
BLS Polymers NUMBER OF SHARES ON OFFER
Total17.0 M
Fresh Issue17.0 M
Offer for Sale0
Post Issue Promoter Holding %71.53 %
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 |
| Q1FY27 | 107.0 | 10.2 | -6.6 | -11.1 | 15.2% |
| FY26 | 349.4 | 27.0 | 38.1 | 33.3 | 13.3% |
| FY25 | 328.4 | 21.1 | 25.1 | 22.6 | 12.1% |
| FY24 | 296.4 | 7.5 | 2.6 | -0.2 | 7.1% |
BLS Polymers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLS Polymers Ltd. | 150 | 930.5 | 34.5 | 1.2 | 2.6 | 28.4 | 13.1 | 354.4 | 5.3 | 27 | 27.8 | 4.4 | 27.8 |
| Supreme Industries Ltd. | 3491.2 | 44347.6 | 43 | 2.7 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1386.5 | 37248.4 | 64.7 | 3.4 | 5.5 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 21.4 | 18.8 |
| Shaily Engineering Plastics Ltd. | 2987 | 13726.1 | 77.6 | 1.5 | 13.4 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 148 | 9184.9 | 14.9 | 0.3 | 2.3 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Kingfa Science & Technology (India) Ltd. | 6532 | 8851.8 | 39.2 | 0.8 | 4 | 13.2 | 10.6 | 2016.2 | 14.9 | 185.3 | 21.2 | 166.5 | 47 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
BLS Polymers annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 354.4 | 336.7 | 301.5 | ||
Operating Exp. Ann. | 307.5 | 296.7 | 280 | |
Operating Profit Ann. | 41.9 | 31.8 | 16.4 | |
OPM Ann. % | 11.82% | 9.43% | 5.44% | |
| 318.4 | 308.4 | 291.8 | ||
EBITDA Ann. | 46.9 | 40 | 21.6 | |
EBITDA Ann. margin % | 13.23% | 11.89% | 7.15% | |
Interest Ann. | 8 | 8.7 | 9.2 | |
Depr. | 2.9 | 3.1 | 2.7 | |
PBT Ann. | 36 | 28.3 | 9.7 | |
Tax Ann. | 9 | 7.1 | 2.2 | |
| 27 | 21.1 | 7.5 | ||
Net Profit Ann. | 27 | 21.1 | 7.5 | |
NPM Ann. % | 7.72% | 6.43% | 2.53% | |
EPS Adj. latest Ann. | 4.4 | 3.4 | 1.2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
5.3%
2Y CAGR
8.4%
Net Profit Ann.
1Y CHG
28%
2Y CAGR
89.7%
Operating Exp. Ann.
1Y CHG
3.6%
2Y CAGR
4.8%
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
Strength
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
Strength
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
Strength
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
Risk
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
Risk
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
Risk
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%.
The price band of the IPO is Rs 142.0 - 150.0.
The IPO application opens on Oct 27, 2026 and closes on Oct 29, 2026.
The minimum lot size for the IPO is 100. The maximum lot size for the IPO is 1300.
For all category investors, the minimum application amount for this IPO is Rs. 14,200.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Oct 30, 2026.
The refund will be credited to your account on Nov 02, 2026.
The allotted shares will be credited to your demat on Nov 02, 2026.
BLS Polymers Ltd.’s shares will list on the stock exchanges on Nov 03, 2026.