BLS Polymers shares list at 65 per cent premium over IPO price
The stock opened at Rs 244 on the BSE and Rs 248 on the NSE following its debut on Tuesday.
Shares of BLS Polymers made a strong debut on Dalal Street on Tuesday, listing at a 65 per cent premium over the initial public offering (IPO) price, according to The Economic Times. The stock opened at Rs 244 on the BSE and Rs 248 on the NSE, compared to the issue price of Rs 150 per share.
The Rs 255-crore book-built issue consisted of a fresh issue of 1.70 crore shares. The subscription for the IPO, which ran from October 27 to October 29, reached 241.22 times. The non-institutional investor (NII) segment was oversubscribed 559.20 times, the qualified institutional buyers (QIB) portion was subscribed 200.25 times, and the retail individual investor category saw 128.36 times subscription.
The company intends to use Rs 77.56 crore of the proceeds for capital expenditure to expand its manufacturing facility and production capacity. An additional Rs 89.50 crore is earmarked for working capital requirements, with the rest for general corporate purposes.
BLS Polymers Ltd. manufactures specialised polymer compounds for industries including power, telecommunications, and railways. The company reported that its total income rose 5 per cent to Rs 354 crore in FY26 from Rs 337 crore in FY25, while profit after tax (PAT) increased 28 per cent to Rs 27 crore from Rs 21 crore during the same period.
Unistone Capital Pvt. Ltd. served as the book-running lead manager for the issue, and KFin Technologies Ltd. acted as the registrar. The shares are tentatively scheduled to list on both the BSE and NSE on November 3, 2026.
