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
Read from the 538-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 320 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
Our business largely depends upon our top 10 customers which contributed 61.34%, 66.81%, 64.44% and 50.52% in the three months period ended June 30, 2026 and for the Fiscals 2026, 2025 and 2024.
During the three months period ended June 30, 2026 and the Fiscals 2026, 2025 and 2024, we derived 73.20%, 80.93%, 81.59% and 80.49% of our revenue from the sale of wire and cable polymer compounds.
Supplier 1 ... 5,297.98 (64.73%) ... 20,013.39 (71.68%) ... 16,152.49 (60.74%) ... 9,614.09 (38.32%)
As of August 31, 2026, our non-current borrowings were ₹ 598.77 lakhs while our current borrowings were ₹ 7,636.78 lakhs.
Net cash flow from/(used in) operating activities (A) (664.09) 3,806.13 2,513.06 264.76
Cash and cash equivalents 3.65 66.88 1.17 1.99
We extend credit to our customers, with post-billing credit terms of up to 90 days and in certain cases, we may experience delays in payments by our customers even beyond the credit period afforded to them.
our lenders may require us to furnish alternate guarantees or may demand a repayment of the outstanding amounts
representing 28.49%, 45.18%, 59.28% and 73.55% of our profit before tax
We have not been able to trace certain of our Company's corporate records and regulatory filings, as set out below:
Company By the Company 15^ Nil N.A. N.A. N.A. Nil Not quantifiable Against the Company Nil 3 Nil N.A. Nil 78.18
As of June 30, 2026, our contingent liabilities and commitments (to the extent not provided for) as disclosed in the notes to our Restated Financial Statements aggregated to ₹ 1,414.60 lakhs.
We operate out of a single Manufacturing Facility which is located at Goa which is spread across an aggregate parcel of land admeasuring about 24,220 sq. mt.
Our Group Company and one of the members of our Promoter Group, Vinsul Makardi Limited is engaged in a similar line of business as our Company. We have not entered into any non-compete agreement with our Group Company
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 14 | 3 | 0 | — |
| Promoters | 0 | 1 | 0 | ₹0.0 Cr |
| Directors | 2 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
Company v Gupta Power Infrastructure Limited and its directors: FIR for alleged cheating, fraud and criminal conspiracy arising from unpaid polymer-compound supplies; ₹189.22 lakh (₹1.8922 crore) principal outstanding plus an unquantified GST liability.
Company v Shiv Priya Cables Private Limited and others: four Negotiable Instruments Act complaints over eight dishonoured cheques of ₹7.82 lakh each, totaling ₹62.56 lakh (₹0.6256 crore); non-bailable warrants were issued in two matters.
Company v Kapil Cables Limited and others: Negotiable Instruments Act complaint over a dishonoured ₹21.98 lakh (₹0.2198 crore) cheque; ₹10.98 lakh (₹0.1098 crore) remains outstanding.
Company v NEC Wire and Cables Private Limited and others: Negotiable Instruments Act complaint over three dishonoured cheques totaling ₹19.91 lakh (₹0.1991 crore); the amount was subsequently received, while bail and accusation-framing steps remain pending.
Government of India v Morepen Laboratories Limited, its directors and Independent Director Manoj Joshi: criminal drug-quality case concerning alleged substandard Atorvastatin 40 mg tablets; process was issued and the matter remains pending.
The supplied text does not state a consolidated SEBI-style summary table or grand total. The company criminal count of 14 is derived from the expressly described current matters: 3 Parmeshwar complaints, 1 NEC complaint, 1 We Star complaint, 4 Shiv Priya complaints, 1 Saffron complaint, 1 Vandana criminal appeal, and 1 each involving Gupta Power, Kapil Cables and Hana Traders; the two antecedent Vandana complaints are described as having been decided by acquittal. The tax table states company direct tax of ₹23.35 lakh (₹0.2335 crore) and indirect tax of ₹54.83 lakh (₹0.5483 crore), totaling ₹0.7818 crore, and promoter direct tax of ₹0.08 lakh (₹0.0008 crore). Conversion: 100 lakh = ₹1 crore. No company-wide aggregate covering all categories is stated, so amount_cr and the grand total are null.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
Where physical applications could be submitted.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
