BLS Polymers Leads 2026 IPO Subscription at 238.64 Times

BLS Polymers recorded the highest overall subscription among the 2026 IPO figures provided, attracting demand of 238.64 times for its ₹255 crore mainboard issue. The data shows exceptionally strong participation across investor groups, led by non-institutional investors at 558.05 times, with qualified institutional buyers subscribing 200.25 times.

Which 2026 IPO had the highest subscription?

BLS Polymers had the highest overall subscription in the supplied 2026 data, at 238.64 times. Its issue closed on October 29, 2026, and the available figures show broad demand across qualified institutional buyers, non-institutional investors and retail investors.

The non-institutional investor category was the largest contributor to BLS Polymers' demand at 558.05 times, followed by qualified institutional buyers at 200.25 times. Retail subscription stood at 123.68 times. Those category-wise readings explain why BLS Polymers was well ahead of the other completed IPOs listed in the social-media discussion.

Which IPOs followed BLS Polymers in subscription demand?

SS Retail, Orient Cables (India) Ltd. and ESDS Software Solution Ltd. followed BLS Polymers among the strongest subscription outcomes shown in the provided data. SS Retail recorded overall subscription of 108.69 times, while Orient Cables (India) Ltd. and ESDS Software Solution Ltd. received 97.27 times and 85.16 times, respectively.

The ranking highlights that subscription levels varied sharply even among IPOs discussed as successful offerings. SS Retail had the highest QIB subscription in this comparison at 214.22 times, while ESDS Software Solution Ltd. recorded the strongest NII or HNI participation among the three followers, at 174.39 times.

How did investor categories shape the strongest IPOs?

Institutional and non-institutional participation shaped the leading subscription results, although retail demand was also substantial in the highest-ranked issues. BLS Polymers combined 200.25 times QIB subscription with 558.05 times NII subscription and 123.68 times retail subscription.

The category pattern was not identical across the other offerings. Orient Cables (India) Ltd. drew 192.68 times QIB demand, 121.90 times NII or HNI demand and 32.19 times retail demand. ESDS Software Solution Ltd. had a lower QIB multiple than Orient Cables (India) Ltd., but its NII or HNI subscription reached 174.39 times.

Retail demand was particularly high in several other IPOs cited in the discussion. MV Electrosystems received retail subscription of 211 times, while Hy-Tech Engineers drew 172 times and Advit Jewels received 92.98 times. The supplied performance data also showed that several mainboard IPOs with retail subscription of around 25 times or more were trading above their issue prices, with Tempsens Instruments and Sunshine Pictures each shown 78% above issue price.

How does Jio Platforms compare with other large IPOs?

Jio Platforms was the largest IPO in the supplied data at ₹30,213 crore, but the context contains differing subscription figures that should not be treated as one reconciled final ranking. One table of completed large IPOs lists Jio Platforms at 5.57 times subscription, while another account says the issue was subscribed 22.19 times on the third day.

The context states that Jio Platforms received bids for more than 438 crore shares against 19.75 crore shares on offer during its October 21 to 23 subscription period. It also describes the issue as India's largest IPO and the largest public issue comprising entirely fresh shares. In the large-IPO comparison table, Reliance Power led with 73.04 times subscription, followed by LG Electronics India at 54.02 times and ICICI Prudential Asset Management Company at 39.17 times.

Why should IPO subscription figures be read carefully?

IPO subscription figures should be read with the closing date, investor category and reporting basis because the supplied social-media data includes conflicting readings for some current issues. Bombay Coated and Special Steels, for example, appears at 3.20 times in one table, is described elsewhere as receiving ₹513 crore of demand and 3.98 times subscription, and is shown at 0.45 times in another table.

Several issues also had closing dates after October 31, 2026, including Bombay Coated and Special Steels, Antala Industries, Vectras Enprocon and Maxwell Engineering. Their figures may therefore reflect interim data rather than completed subscription outcomes. Antala Industries showed 66.72 times QIB subscription but only 0.81 times overall subscription in the data provided, underlining why a single category multiple does not substitute for the total figure.

Conclusion

BLS Polymers is the clear leader in the supplied 2026 IPO subscription data, with total demand of 238.64 times and exceptionally high interest across all three reported investor categories. SS Retail, Orient Cables (India) Ltd. and ESDS Software Solution Ltd. also recorded strong overall subscription, but remained materially below BLS Polymers' level.

The next figures to watch are the final subscription data for issues closing after October 31, 2026, especially Bombay Coated and Special Steels, Antala Industries, Vectras Enprocon and Maxwell Engineering. Investors should also wait for consistent final disclosures where the available tables show conflicting totals or distinguish between interim bids and completed offerings.