BLS Polymers IPO allotment is due today, Friday 30 October 2026, after the Rs 255 crore issue closed 241.22 times subscribed.
The GMP was about Rs 68 this morning, which points to a Rs 218 listing on Tuesday 3 November against the Rs 150 issue price.
Below: how to check allotment, subscription, anchors, financials, valuation, risks and tax.
| Detail | Value |
|---|---|
| Issue size | Rs 255 crore, all fresh issue of 1.70 crore shares |
| Price band | Rs 142 to Rs 150 per share, face value Rs 10 |
| Lot size | 100 shares, Rs 15,000 at the upper band |
| Open and close | Tuesday 27 to Thursday 29 October 2026 |
| Final subscription | 241.22 times, per NSE data |
| Allotment | Friday 30 October 2026 |
| Refund and share credit | Monday 2 November 2026 |
| Listing | Tuesday 3 November 2026 on NSE and BSE |
| GMP on 30 October | About Rs 68, 45.33% over Rs 150 |
| Registrar and lead manager | KFin Technologies and Unistone Capital |
BLS Polymers IPO Allotment Status: How to Check on KFin, BSE and NSE
BLS Polymers IPO allotment is due on Friday 30 October 2026, and the result shows on the KFin Technologies and BSE sites once the basis of allotment is finalised, expected in the evening.
Open the KFin Technologies page
Type ipostatus.kfintech.com into your browser and choose BLS Polymers from the list of issues.
Pick an ID type
Select PAN, application number or demat account number, whichever you have to hand. PAN is the easiest to find.
Enter the details
Type the PAN or number, add the captcha and submit.
Read the result
The page shows shares applied for and shares allotted. Shares come in multiples of the 100 share lot.
Cross-check on BSE
Open the BSE IPO status page, keep the issue type as Equity, pick BLS Polymers and enter your application number or PAN.
NSE's bid details page verifies that your bid was received, with the issue listed under the symbol BLSPOLY. For the allotment result itself, KFin and BSE are quicker.
| Result | What it means | What happens next |
|---|---|---|
| 100 shares or more | You were allotted shares | Credited to demat by 2 Nov |
| Zero allotted | Your bid was not selected | UPI block released by 2 Nov |
| No record found | Wrong ID or result not out | Retry with PAN after the evening |
KFin's investor helpline is 1800 309 4001. The KFintech allotment guide explains PAN against application number and why a "no record" message appears.
Most applicants will not be allotted shares. Retail demand was 128 times the quota, and the subscription section below shows the odds.
BLS Polymers IPO Date and Timetable: Open, Close, Allotment and Listing
The BLS Polymers IPO opened on Tuesday 27 October 2026, closed on Thursday 29 October and lists on Tuesday 3 November, three working days after the close.
| Date | Event |
|---|---|
| Mon, 26 Oct 2026 | Anchor book allotted, Rs 76.50 crore |
| Tue, 27 Oct 2026 | IPO opens |
| Thu, 29 Oct 2026 | IPO closes, 241.22 times subscribed |
| Fri, 30 Oct 2026 | Basis of allotment |
| Mon, 2 Nov 2026 | Refunds and share credit to demat |
| Tue, 3 Nov 2026 | Listing on NSE and BSE, around 10:00 AM |
| Late Nov 2026 | Half of anchor shares out of lock-in |
| Late Jan 2027 | Rest of anchor shares out of lock-in |
The three-day gap is the T+3 listing timetable that SEBI requires for public issues. Refunds and demat credit land on T+2, which is Monday 2 November.
BLS Polymers IPO GMP Today and Expected Listing Price
The BLS Polymers IPO GMP was about Rs 68 on the morning of 30 October, which is 45.33% above the Rs 150 upper band and implies a listing price of Rs 218.
| Reading | Source | GMP | Implied price | Premium |
|---|---|---|---|---|
| 24 Oct 2026 | InvestorGain | Rs 38 | Rs 188 | 25.33% |
| 27 Oct, opening day | Business Today | Rs 20 to 22 | Rs 170 to 172 | 13.33% to 14.67% |
| 30 Oct, 9:30 AM | IPOji | Rs 63 | Rs 213 | 42.00% |
| 30 Oct, morning | InvestorGain | Rs 68 | Rs 218 | 45.33% |
The premium rose more than threefold between the opening day and allotment day as the book filled to 241 times. Trackers differ by Rs 5 on the same morning, so treat any single figure as a range.
GMP is an unofficial price among dealers. No exchange or regulator publishes it, and it can fall before listing as easily as it rose.
| GMP | Listing price | Gain per lot | Premium |
|---|---|---|---|
| Rs 0 | Rs 150 | Rs 0 | 0.00% |
| Rs 30 | Rs 180 | Rs 3,000 | 20.00% |
| Rs 50 | Rs 200 | Rs 5,000 | 33.33% |
| Rs 68, current | Rs 218 | Rs 6,800 | 45.33% |
| Rs 90 | Rs 240 | Rs 9,000 | 60.00% |
Grey market calls can miss. The Jio Platforms listing came within 0.44% of its last GMP, but a smaller issue has a thinner grey market and a wider error.
BLS Polymers IPO Listing Gain: What One Lot and the Retail Maximum Could Make
At the GMP-implied Rs 218, one lot of 100 shares gains Rs 6,800, before tax and charges, on an investment of Rs 15,000.
| Application | Cost | Value at Rs 218 | Gain |
|---|---|---|---|
| Retail, 1 lot (100 shares) | Rs 15,000 | Rs 21,800 | Rs 6,800 |
| Retail maximum, 13 lots | Rs 1,95,000 | Rs 2,83,400 | Rs 88,400 |
| Small HNI minimum, 14 lots | Rs 2,10,000 | Rs 3,05,200 | Rs 95,200 |
| Small HNI maximum, 66 lots | Rs 9,90,000 | Rs 14,38,800 | Rs 4,48,800 |
The 13-lot retail cap comes from the Rs 2 lakh limit at Rs 15,000 a lot. The Rs 10 lakh line between small and big non-institutional bids falls between 66 and 67 lots.
These are paper gains at one assumed price, not a forecast. If the stock lists at Rs 150 the gain is zero, and below it there is a loss.
Work out your return on BLS Polymers shares
Enter Rs 150 as the buy price, your shares and a sell price to see gain, return and annualised return.
BLS Polymers IPO Subscription Status: 241.22 Times on the Final Day
The BLS Polymers IPO was subscribed 241.22 times, with non-institutional investors at 559.20 times, institutions at 200.25 times and retail at 128.36 times, per NSE data.
| Category | Shares on offer | Subscribed |
|---|---|---|
| Qualified institutions | 34,00,000 | 200.25 times |
| Big non-institutional | 17,00,000 | 592.83 times |
| Small non-institutional | 8,50,000 | 491.94 times |
| Non-institutional total | 25,50,000 | 559.20 times |
| Retail | 59,50,000 | 128.36 times |
| Overall | 1,19,00,000 | 241.22 times |
Bids covered about 28.7 crore shares worth roughly Rs 43,058 crore against a Rs 255 crore issue.
If every retail applicant bid for a single lot, about 1 in 128 would be allotted shares. At most 59,500 retail applicants can get a lot each, so a large bid of 13 lots does not raise your odds.
Small HNI demand of 491.94 times is the lowest of the two non-institutional sub-categories, but it still means only a sliver of any bid can be filled.
BLS Polymers IPO Reservation and Anchor Investors
The BLS Polymers IPO reserves 50% of the issue for qualified institutions, including a 30% anchor portion, 15% for non-institutional investors and 35% for retail investors.
| Category | Share of issue | Shares |
|---|---|---|
| Anchor investors | 30% | 51,00,000 |
| Qualified institutions, rest | 20% | 34,00,000 |
| Big non-institutional | 10% | 17,00,000 |
| Small non-institutional | 5% | 8,50,000 |
| Retail | 35% | 59,50,000 |
On 26 October, anchors paid Rs 150 for 51 lakh shares, a total of Rs 76.50 crore. Business Today counts seven anchor investors, which is how many allottees IPOji lists, with two Nakshatra schemes.
| Anchor investor | Share of book | Approx amount |
|---|---|---|
| Nakshatra Bharat Vantage Fund, two schemes | 35.01% | Rs 26.78 crore |
| Vikasa India EIF I Fund | 19.20% | Rs 14.69 crore |
| Venus Investments, Stellar Fund | 13.09% | Rs 10.01 crore |
| Radiant Global Fund | 13.09% | Rs 10.01 crore |
| Pine Oak Global Fund | 13.07% | Rs 10.00 crore |
| Innovative Vision Fund | 6.54% | Rs 5.00 crore |
Half of the anchor shares are locked in for about 30 days after allotment and the rest for about 90 days. The first expiry falls in late November and adds supply to the market.
BLS Polymers IPO Price Band, Lot Size and Minimum Investment
The BLS Polymers IPO price band was Rs 142 to Rs 150 per share, and one lot of 100 shares cost Rs 14,200 to Rs 15,000.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail minimum | 1 | 100 | Rs 15,000 |
| Retail maximum | 13 | 1,300 | Rs 1,95,000 |
| Small HNI minimum | 14 | 1,400 | Rs 2,10,000 |
| Small HNI maximum | 66 | 6,600 | Rs 9,90,000 |
| Big HNI minimum | 67 | 6,700 | Rs 10,05,000 |
Most retail investors bid at cut-off, which treats the bid as the upper band of Rs 150. The issue is all fresh, 1.70 crore shares, so promoters sell nothing.
About BLS Polymers: What the Company Makes
BLS Polymers is a New Delhi company, founded in 1991, that makes custom-formulated polymer compounds, the plastic raw material that goes into wire and cable insulation and pipeline coatings.
Wire and cable compounds are the core, at 80.93% of FY26 revenue. The company's own site is blspolymers.com.
BLS Polymers Financials: Revenue, Profit and Margins
BLS Polymers earned a profit of Rs 27.01 crore in FY26 on revenue of Rs 349.43 crore, up 3.6 times in profit from FY24 on only 18% more revenue.
| Year | Revenue | Growth | Profit after tax | PAT margin |
|---|---|---|---|---|
| FY24 | 296.36 | Base year | 7.52 | 2.54% |
| FY25 | 328.43 | 10.82% | 21.14 | 6.44% |
| FY26 | 349.43 | 6.39% | 27.01 | 7.73% |
Margin, not volume, drove the profit. The PAT margin tripled from 2.54% to 7.73% in two years, while revenue growth slowed from 10.82% to 6.39%.
For April to June 2026 the company reported a profit of about Rs 10.2 crore on revenue of about Rs 107 crore, a margin near 9.5%. Net worth was Rs 94.93 crore on 31 March 2026 and Rs 105.17 crore on 30 June 2026.
Return on net worth was 28.45% in FY26, which is Rs 27.01 crore over year-end net worth. That is high, but net worth is small, so one good year moves the ratio a lot.
Where the BLS Polymers IPO Money Goes
The IPO raises Rs 255 crore, of which Rs 167.06 crore is earmarked for plant expansion and working capital, and the balance covers issue costs and general corporate purposes.
| Use | Amount | Share of earmarked |
|---|---|---|
| Expand the Goa plant | 77.56 | 46.43% |
| Working capital | 89.50 | 53.57% |
| Issue expenses and general corporate purposes | 87.94 | Balance of Rs 255 crore |
None of the money repays debt. Consolidated borrowings were Rs 82.35 crore on 31 August 2026, and SBI Securities, as cited by Business Today, expects capacity to rise from 35,251 to 87,301 tonnes a year.
That is about 2.5 times today's capacity. The plan only pays off if the company finds customers beyond its current top ten.
BLS Polymers IPO Valuation: P/E, Price to Book and Peers
At the Rs 150 upper band BLS Polymers is valued at Rs 930.48 crore, which is 25 times its FY26 earnings per share of Rs 6.00.
Divide that market cap by FY26 profit instead and the multiple is 34.5 times, the figure SBI Securities quotes after the new shares. Both are correct, because the first uses shares before the issue and the second after.
| Company | P/E | Price to book | Return on net worth |
|---|---|---|---|
| BLS Polymers at Rs 150 | 25.0 | 7.12 | 28.45% |
| Kingfa Science | 46.25 | 3.66 | 13.24% |
| Plastiblends India | 14.53 | 0.70 | 8.17% |
| Ddev Plastiks | 12.97 | 1.95 | 19.92% |
Peer multiples move every day, so read this as a snapshot. BLS sits between the 13 to 15 times of Plastiblends and Ddev and the 46 times of Kingfa.
The price to book of 7.12 is the outlier, on a book value of Rs 21.08 a share. Its return on net worth is the highest in the group, which is the case for the premium.
At a Rs 218 listing the market cap would be about Rs 1,352 crore, or 50 times FY26 profit. A listing at the GMP leaves little room for the stock to be cheap.
BLS Polymers IPO Review: Strengths, Risks and What Brokerages Said
Six brokerages cited by Business Today on 27 October said subscribe, but Swastika Investmart rated the risk moderate to high, citing limited valuation comfort and execution risk.
| Risk | Figure | Why it matters |
|---|---|---|
| Customers | Top 10: 66.81% | One lost account hurts |
| Products | Wire, cable: 80.93% | One end market |
| Suppliers | Top 10: 93.52% | No long-term contracts |
| Raw materials | Three resins: 78.13% | Margin follows resin |
| Plant | One site, Goa | An outage stops output |
| Cash flow, Apr to Jun | Negative Rs 4.08 crore | Profit not yet cash |
| Receivables, 30 Jun | Rs 95.15 crore, 99 days | Cash tied up |
| New markets | Four new countries | No prior experience |
Customer concentration has climbed from 50.52% in FY24 to 66.81% in FY26, which Ventura Securities flagged. The new markets are Tunisia, Algeria, Nigeria and Oman, and the resin and plant risks came from BP Equities and SBI Securities.
Should You Sell or Hold BLS Polymers After Listing?
Selling suits an investor who wanted the listing gain, and holding suits one who accepts a rich multiple for an expansion that will take years to show in profit.
| Goal | The numbers | Check |
|---|---|---|
| Book the gain | Rs 5,385.60 after tax | Brokerage and STT |
| Hold long term | About 50x FY26 profit | Plant and customer mix |
| Missed the IPO | Wait for first trades | Stagger your buying |
Fix your exit price before 3 November, not after the opening bell. If the listing is weak, a planned hold is easier to keep than an improvised one.
Anyone who buys in parts after listing can use the Stock Average Calculator to see the blended cost.
BLS Polymers Listing Date and Time: When Will the Shares Start Trading?
BLS Polymers shares are scheduled to list on NSE and BSE on Tuesday 3 November 2026, with trading expected to begin around 10:00 AM IST.
Rules on listing and trading are on sebi.gov.in, and live quotes will be on NSE India and BSE India after listing.
Tax on the BLS Polymers Listing Gain: STCG and LTCG
A BLS Polymers share sold within 12 months of allotment is taxed at 20% plus 4% cess, which is Rs 1,414.40 on a Rs 6,800 gain on one lot.
| Holding period | Rate | Tax on one lot |
|---|---|---|
| 12 months or less | 20% plus 4% cess | Rs 1,414.40 |
| More than 12 months | 12.5% above Rs 1.25 lakh a year | Rs 0 within the exemption |
The 12 months run from the allotment date. Securities transaction tax of 0.1% on the Rs 21,800 sale adds about Rs 22, and brokerage comes on top. Surcharge is not counted.
Work out the tax on a listing-day sale
Enter buy price, sell price and shares to see short-term capital gains tax after cess.
The Capital Gains Calculator covers longer holds. Rates are on incometaxindia.gov.in.