BLS Polymers to launch ₹255-crore IPO on October 27

BLS Polymers Limited has announced its Initial Public Offering (IPO) will open for subscription on Tuesday, October 27, 2026, and close on October 29, 2026. The company has set a price band of ₹142–₹150 per equity share and aims to raise ₹255 crore through a fresh issue of 1.70 crore equity shares.

Ahead of the public subscription, the company secured ₹76.50 crore from anchor investors, who were allotted 51 lakh equity shares at ₹150 each. Participating anchor investors include Nakshatra Bharat Vantage Fund, Vikasa India EIF I Fund, Venus Investments VCC, Radiant Global Fund, Pine Oak Global Fund, and Innovative Vision Fund.

The proceeds from the IPO are intended for several purposes: approximately ₹77.56 crore will fund the expansion of manufacturing facilities and increased production capacity, ₹89.50 crore will be allocated to working capital requirements, and the remainder will cover general corporate purposes and issue-related expenses.

Headquartered in New Delhi, BLS Polymers manufactures custom-formulated polymer compounds for sectors including telecommunications, power, railways, water, and oil and gas. The company operates a manufacturing facility in Goa and exports products to 13 countries.