BLS Polymers Shares List at ₹248 on NSE, 65.33% Premium to IPO Price

BLS Polymers Ltd. shares made their stock market debut on Tuesday, November 3, 2026, listing at ₹248 per share on the National Stock Exchange (NSE), representing a premium of 65.33% over the IPO issue price of ₹150 per share. The company's equity shares also commenced trading on the Bombay Stock Exchange (BSE), opening at ₹244.10 per share, a premium of 62.73%.

The stock opened ₹98 above the issue price on NSE. Investors who received shares through the IPO allotment recorded a gain at the opening price, before applicable transaction charges and taxes. Following the listing, BLS Polymers shares traded at ₹272.24 as of 11:31 AM IST, with an intraday high of ₹285 and a low of ₹225, according to the supplied market snapshot.

The listing followed the company's ₹255 crore initial public offering, which opened for subscription on October 27, 2026, and closed on October 29, 2026. The public issue received an overall subscription of 241.22 times, with the Non-Institutional Investors (NII) category recording the highest subscription at 559.20 times. The IPO price band was fixed at ₹142 to ₹150 per share.

BLS Polymers Ltd. operates in India's specialised polymer compounds manufacturing industry. The company manufactures customised polymer compounds used in wire and cable insulation, sheathing, industrial pipeline coatings and related applications across the power, telecommunications, railway, water and oil and gas sectors.

BLS Polymers IPO Listing Details

BLS Polymers IPO was a ₹255 crore book-built issue comprising a fresh issue of 1.70 crore equity shares. The public offering did not include an offer-for-sale component.

Since the entire IPO comprised a fresh issue, the company will receive the proceeds from the public issue after applicable expenses. The funds are proposed to be used for expanding manufacturing capacity, meeting working capital requirements and general corporate purposes.

The IPO price band was fixed at ₹142 to ₹150 per equity share, with the final issue price determined at the upper end of the band. The total issue comprised 1,70,00,000 equity shares at ₹150 each.

The IPO opened for subscription on October 27, 2026, and closed on October 29, 2026. The allotment process followed the conclusion of bidding, ahead of the company's listing on NSE and BSE on November 3, 2026.

The public issue included an anchor investor allocation of 51,00,000 equity shares, aggregating to ₹76.50 crore at the issue price of ₹150 per share.

The company proposed to utilise ₹77.56 crore from the IPO proceeds towards capital expenditure for expanding its existing manufacturing facility in Goa. Another ₹89.50 crore was allocated towards working capital requirements, while the remaining proceeds were intended for general corporate purposes.

The IPO received bids for 2,87,05,50,000 shares against 1,19,00,000 shares available for public subscription, excluding the anchor investor portion.

The NII category recorded the highest subscription at 559.20 times, followed by Qualified Institutional Buyers at 200.25 times. The Individual Investors category was subscribed 128.36 times.

On November 3, 2026, BLS Polymers shares listed at ₹248 on NSE, representing a premium of 65.33% over the issue price. 

• Issue Price: ₹150 per share

• NSE Listing Price: ₹248 per share

• BSE Listing Price: ₹244.10 per share

• NSE Listing Premium: 65.33%

• BSE Listing Premium: 62.73%

• Trading Price: ₹272.24 per share

• Overall Subscription: 241.22 times

• Issue Size: ₹255 crore

• Fresh Issue: 1.70 crore equity shares

• Offer for Sale: Nil

• Price Band: ₹142 to ₹150 per share

• IPO Open Date: October 27, 2026

• IPO Close Date: October 29, 2026

• Listing Date: November 3, 2026

• Exchange: NSE and BSE

First-Day Trading Performance

BLS Polymers share price began trading above its IPO issue price on November 3, 2026, with the stock recording a listing premium of 65.33% on NSE.

Listing Price: On NSE, the stock opened at ₹248 per share, compared with the IPO issue price of ₹150, resulting in a premium of ₹98 per share, or 65.33%.

The opening price placed BLS Polymers shares considerably above the upper end of the IPO price band of ₹150. The stock subsequently traded at ₹272.24, remaining above both its issue price and NSE opening price at the reported intraday snapshot.

Listing Return: For every share allotted at the IPO price of ₹150, the NSE listing price of ₹248 represented a gain of ₹98, before applicable charges and taxes.

The supplied listing report stated that the gain on one IPO lot at the NSE opening price was ₹9,800, compared with ₹9,410 at the BSE opening price.

At the reported trading price of ₹272.24, the gain over the issue price increased to ₹122.24 per share, representing a return of 81.49% before applicable transaction costs and taxes.

Opening Performance: Following the debut, BLS Polymers shares touched an intraday high of ₹285, representing an increase of ₹135 per share, or 90%, over the IPO issue price.

The stock recorded an intraday low of ₹225, which was ₹75, or 50%, above the issue price. The difference between the intraday high and low stood at ₹60 per share.

The stock recorded trading volume of 4,85,68,553 shares at the reported NSE snapshot, while its market capitalisation stood at approximately ₹1,514.20 crore following the listing, according to the supplied report.

The opening premium followed an IPO that received 241.22 times overall subscription. Non-Institutional Investors recorded the highest subscription among the main investor categories, with the NII portion subscribed 559.20 times, while the QIB category attracted 200.25 times subscription.

BLS Polymers IPO Subscription Status

The BLS Polymers IPO received an overall subscription of 241.22 times by the close of bidding on October 29, 2026.

The public issue attracted bids for 2,87,05,50,000 shares against 1,19,00,000 shares available for subscription, excluding the anchor investor portion.

Non-Institutional Investors recorded the highest subscription among the main investor categories at 559.20 times, followed by Qualified Institutional Buyers at 200.25 times. The Individual Investors category was subscribed 128.36 times.

Within the Non-Institutional Investors category, the portion for larger NII applications above ₹10 lakh recorded subscription of 592.83 times, while the portion for smaller NII applications was subscribed 491.94 times.

The QIB category received bids for 68,08,57,700 shares against 34,00,000 shares available for subscription, indicating that institutional bidding substantially exceeded the shares allocated to the category.

Non-Institutional Investors submitted bids for 1,42,59,67,100 shares against 25,50,000 shares offered in their category. Individual Investors placed bids for 76,37,25,200 shares against 59,50,000 shares available for subscription.

The total subscription of 241.22 times reflected bidding across institutional, non-institutional and individual investor categories during the three-day subscription period.

Institutional demand increased during the final day, with QIB subscription rising from 12.20 times on Day 2 to 200.25 times on Day 3. NII subscription increased from 78.81 times to 559.20 times, while Individual Investors' subscription rose from 29.85 times to 128.36 times.

About BLS Polymers Ltd.

BLS Polymers Limited is an Indian manufacturer of specialised polymer compounds used in industrial applications. The company's products are primarily used in the manufacture of wires and cables and in protective coatings for underground pipelines.

Its product portfolio includes polyethylene compounds, cross-linked polyethylene compounds, polyvinyl chloride compounds, halogen-free flame-retardant compounds and other specialised materials. These products are formulated to meet different requirements for insulation, sheathing, mechanical strength and environmental resistance.

BLS Polymers serves customers operating in the power transmission, telecommunications, railway, water distribution and oil and gas infrastructure sectors. Its polymer compounds are used as raw materials in the manufacture of cables and pipeline systems.

The company's wire and cable compounds include products used for electrical insulation, protective sheathing and cable jacketing. These compounds are designed for applications requiring electrical resistance, mechanical durability and protection from moisture and external conditions.

BLS Polymers also manufactures compounds used in three-layer polyethylene pipeline coating systems. Such coatings help protect underground steel pipelines against corrosion, moisture and chemical exposure.

For the financial year ended March 31, 2026, BLS Polymers reported revenue from operations of ₹349.43 crore, compared with ₹328.44 crore in FY25.

The company's profit after tax increased to ₹27.01 crore in FY26 from approximately ₹21.13 crore in the previous financial year. EBITDA stood at ₹46.60 crore in FY26, compared with ₹39.66 crore in FY25.

For the quarter ended June 30, 2026, BLS Polymers reported revenue from operations of ₹107.03 crore and profit after tax of ₹10.23 crore. EBITDA for the quarter stood at ₹16.21 crore.