BLS Polymers Ltd.
BLSMainboard
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Overview
BLS Polymers Limited manufactures custom-formulated polymer compounds used in insulation, sheathing and jacketing for wires and cables, and in protective 3LPE coating systems for underground oil, gas and water pipelines. BLS Polymers Limited offers a broad portfolio across PE compounds, XLPE, HFFR, PVC and cable-filling compounds, serving critical infrastructure-linked sectors such as telecommunications, power, railways and industrial pipelines, supported by in-house testing and product development and a PAN-India customer reach with some exports.
- Opening Date
Oct 27, 2026
- Closing Date
Oct 29, 2026
- Listing Date
Nov 03, 2026
- IPO Type
Mainboard
- IPO Status
Upcoming
- Issue Size
255 Cr
- Fresh Issue
255 Cr
- Offer for Sale
0 Cr
- Price Band
₹142 - ₹150
- Lot Size
100
IPO Timeline
Financials
Use of IPO funds
Key Performance Indicator
- P/E Ratio
25
- EPS
6
- ROE
10.22%
- ROCE
9.11%
- RONW
9.73%
- Debt to Equity Ratio
0.61
- PAT Margin
9.56%
- EBITDA Margin
15.15%
- P/B
6.42
Bull vs Bear
Bull case
- •
Government enlistments can act like a quality gate, helping win large infrastructure buyers and making it harder for small rivals to enter.
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High repeat orders suggest customers stick once a formulation is approved, which can protect volumes if relationships stay strong.
- •
Capacity expansion funded by IPO can support larger orders and new markets, if execution stays on track and approvals come through.
Bear case
- •
Most revenue depends on wire and cable compounds, so a slowdown in that one segment can hit sales and profits quickly.
- •
Sales rely heavily on the top 10 customers, so one lost account can create a meaningful revenue gap and disrupt production planning.
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Expansion into new regions without past experience can raise costs and delays, and new trade barriers can weaken pricing power and margins.
Subscription Rate
Subscription data will be available once the IPO opens.
