BLS Polymers IPO Subscription Status Day 3: Issue Subscribed 241.22x on Final Day

BLS Polymers IPO subscription status: The IPO witnessed overwhelming investor demand and was subscribed 241.22 times by the close of Day 3 on October 29, 2026 (5:49 PM). The public issue received bids for 287.06 crore shares against 1.19 crore shares available for subscription, excluding the anchor investor portion.

The highest demand came from the Non-Institutional Investors (NII) category, which was subscribed 559.20 times, followed by Qualified Institutional Buyers (QIBs) at 200.25 times and Retail Individual Investors (RIIs) at 128.36 times.

Subscription Status of BLS Polymers IPO

Here are the subscription details for on the BLS Polymers IPO day 3, as of 5:49:49 PM:

Key Highlights – Day 3

• The BLS Polymers IPO closed with an overall subscription of 241.22 times on October 29, 2026, compared with 35.30 times at the end of Day 2.
• The issue received bids for 287.06 crore shares against 1.19 crore shares available for subscription, excluding the anchor investor allocation.
• NII investors led demand, with their portion subscribed 559.20 times. Within this segment, the bNII category was subscribed 592.83 times, while the sNII category was subscribed 491.94 times.

Key Highlights – Day 2

• The BLS Polymers IPO reached 35.30 times overall subscription by the close of Day 2.
• The NII category was subscribed 78.81 times, while the Retail category was subscribed 29.85 times.
• The QIB (Ex Anchor) portion stood at 12.20 times subscription on Day 2.

Key Highlights – Day 1

• The BLS Polymers IPO opened for subscription on October 27, 2026, recording an overall subscription of 9.62 times on its first bidding day.
• The NII category recorded the highest subscription among the main investor categories at 13.01 times, with the small NII segment subscribed 18.21 times and the big NII segment at 10.41 times.
• The QIB (Ex Anchor) category recorded subscription of 12.03 times, while Retail Individual Investors subscribed 6.79 times their reserved portion. All three main investor categories were oversubscribed on the opening day.

About BLS Polymers Limited

BLS Polymers Limited is an Indian polymer compounding company engaged in manufacturing customised polymer compounds for infrastructure and industrial applications. Incorporated in 1991, the company manufactures polyethylene and PVC-based compounds used across telecommunications, power transmission and distribution, railways, water infrastructure and oil and gas distribution.

The company's product portfolio includes cross-linked polyethylene (XLPE) compounds, specialised polyethylene compounds and PVC compounds. Its manufacturing operations focus on developing and supplying polymer formulations suited to the technical requirements of different end-use applications.

In addition to manufacturing, BLS Polymers undertakes polymer trading and distribution activities. The company also operates as a Del Credere Associate-cum-Consignment Stockist of Indian Oil Corporation Limited for its polymer business.

The company plans to expand the manufacturing capacity of selected products at its existing Goa facility. The proposed expansion forms part of the utilisation of proceeds from its initial public offering.