BLS Polymers IPO
BLS Polymers IPO is a mainboard IPO raising ₹255 Cr at ₹142 – ₹150 a share. The smallest application you can make is 100 shares, costing ₹15,000 at the top of the band. Bidding closes on 29 Oct 2026 and the shares list on 3 Nov 2026. So far it has been subscribed 9.60× in total.
9.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs150 + OFS by subtraction from exchange total Rs255 Cr. Checked: exchange issue size Rs255 Cr vs derived Rs255 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 72% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Kingfa Science & Technology (India) Limited | 46.25× | 13.24% | ₹144.1 |
| DDev Plastiks Industries Limited | 12.97× | 19.92% | ₹19.5 |
| Plastiblends India Limited | 14.53× | 8.17% | ₹14.12 |
| This issue | 25× | 28.45% | ₹5.99 |
derived: cut-off price Rs150 / stated EPS Rs5.99 (Fiscal 2026 (FY26) diluted EPS, as derived from Restated Financial Statements, face value ₹10, adjusted for bonus issue). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.