Summary of this article
BLS Polymers shares debuted at Rs 248 on NSE.
The Rs 255 crore public issue saw massive oversubscription.
Retail investors and QIBs showed strong demand during bidding.
Shares of BLS Polymers made their debut in the stock market on November 3, 2026, with 65 per cent premium over the upper end of the price band.
BLS Polymers shares listed at Rs 248 apiece up by 65.33 per cent on the NSE compared to the issue price of Rs 150 apiece. The stock listed at Rs 244 apiece up by 62.66 per cent on the BSE.
BLS Polymers IPO: Listing Gains
Applicants who were successfully allotted a minimum of one lot or 100 shares of BLS Polymers would have made gains of Rs 9,800 (Rs 254 - Rs 150 x 100) as the stock listed at Rs 248. The market capitalisation of the stock stood at Rs 1,514.20 crore and 2.18 lakh shares of the stock changed hands on the exchange
BLS Polymers IPO: Offer Size
The initial public offering (IPO) of BLS Polymers was a book-built issue worth Rs 255 crore and consisted entirely of a fresh issue of 17 million shares worth Rs 255 crore. There was no offer for sale (OFS) component.
The price band for the public issue was fixed at Rs 142 to Rs 150 per share. The minimum lot size for retail investors was fixed at 100 shares, aggregating to an investment of Rs 15,000.
BLS Polymers IPO: Subscription
The IPO saw strong demand and was oversubscribed 241.22 times during its subscription period from October 27 to October 29. Investors across categories placed bids for 2,870.55 million shares compared to the total offer size of 11.90 million shares available.
Non-institutional investors (NIIs) booked their quota in the IPO 559.20 times. In this category, 2.55 million shares were offered, and bids were received for 1,425.96 million shares.
Retail investors booked their quota 128.36 times, bidding for 763.73 million shares against the 5.95 million shares offered. The qualified institutional buyer (QIB) quota was subscribed 200.25 times, receiving bids for 680.85 million shares against the 3.40 million shares offered.
BLS Polymers: Promoters
The promoters of the company include Vinod Aggarwal, Sushil Aggarwal, Madhukar Aggarwal, Diwakar Aggarwal, and Karan Aggarwal. Since the IPO was entirely a fresh issue, the promoters did not dilute their stakes through an OFS. Following the listing of the stock, the promoter shareholding reduced to 71.53 per cent, down from 98.53 per cent prior to the public issue.
BLS Polymers: Competitors
BLS Polymers operates as a manufacturer of specialised polymer compounds for cables and pipelines. The company’s listed peers in the domestic market include Kingfa Science & Technology (India), DDev Plastiks Industries and Plastiblends India.
BLS Polymers IPO: Objective
The company will use the proceeds from the fresh issue for funding the capital expenditure requirement towards the expansion of its manufacturing facility by increasing the capacity of certain existing products, funding working capital requirements, and for general corporate purposes.
