BLS Polymers IPO - Day 3: 241.22x subscribed, Retail portion at 128.36x

Key takeaways:

BLS Polymers manufactures specialised polymer compounds and operates a manufacturing facility in Goa.
The BLS Polymers IPO is a book-built offering of ₹255.00 crore. It is a 100% fresh issue of 1,70,00,000 equity shares, with no offer for sale (OFS).
The price band is set at ₹142-₹150 per equity share, and the subscription window was opened on October 27, 2026, and closes today, Thursday, October 29, 2026.
As of the end of the Day 3 bidding session, the issue was subscribed 241.22 times, with the retail portion subscribed 128.36 times.
The allotment is expected to be finalised on Friday, October 30, 2026, and the shares are tentatively set to list on the BSE and NSE on Tuesday, November 3, 2026.

Today marks the last day of the three-day subscription period of the BLS Polymers IPO, and demand has built up sharply through the day. By the end of the bidding session, the issue was subscribed 241.22 times, driven by massive demand across all investor categories.

The company will use the proceeds to expand its manufacturing facility in Goa, to meet working capital requirements and for general corporate purposes. Let's take a closer look at the BLS Polymers IPO Day 3 details.

Key details of BLS Polymers IPO

Here are the key details of the BLS Polymers IPO, covering the issue structure, pricing and valuation:

Parameter	Details
Issue Size	₹255.00 crore
Fresh Issue	₹255.00 crore (1,70,00,000 shares)
Offer for Sale (OFS)	Nil
Price Band	₹142 to ₹150 per equity share
Face Value	₹10 per equity share
Lot Size	100 shares
Minimum Retail Investment	₹15,000 (1 lot at upper price band)
Market Capitalisation	₹930.48 crore (post-issue, at upper price band)
Listing Exchanges	BSE, NSE
Book Running Lead Manager	Unistone Capital Pvt. Ltd.
Registrar to the Issue	KFin Technologies Ltd.

Key dates for the BLS Polymers IPO

The bidding window for the BLS Polymers IPO closed today, and the focus now shifts to allotment and listing. Here is the tentative schedule of the key events:

Event	Date
Anchor Investor Bidding	Monday, October 26, 2026
IPO Open Date	Tuesday, October 27, 2026
IPO Close Date	Thursday, October 29, 2026 (Today)
Allotment	Friday, October 30, 2026
Initiation of Refunds	Monday, November 2, 2026
Credit of Shares to Demat	Monday, November 2, 2026
Listing Date	Tuesday, November 3, 2026

About BLS Polymers

BLS Polymers Limited manufactures custom-formulated polymer compounds that are used in wires, cables and underground oil, gas and water pipelines.

BLS Polymers has an ISO 9001:2015-certified manufacturing facility in Goa with an installed capacity of 35,251 metric tonnes per annum (MTPA). It supplies its products pan-India, with a presence across 24 states and Union Territories and exports to several international markets.

The company has shown steady revenue growth and profitability improvement in its financial performance. Total income increased from ₹336.70 crore in FY25 to ₹354.41 crore in FY26. PAT increased 27.8% from ₹21.14 crore in FY25 to ₹27.01 crore in FY26, driven by an EBITDA of ₹46.60 crore, ROE of 33.17%, and RoNW of 28.45%.

Last-day subscription status

After receiving 9.62 times bids on Day 1 and 35.30 times bids on Day 2, the bidding process accelerated significantly on Day 3, due to massive inflows from institutional funds, HNIs, and retail applications in the final few hours before the market closed. By the end of the bidding process on October 29, 2026, the issue achieved a cumulative subscription of 286.14 times. Below are the subscriptions for three bidding days:

Investor Category	Day 1 Subscription	Day 2 Subscription	Day 3 Subscription	Total Subscription
Qualified Institutional Buyers (QIB)	12.03x	12.20x	200.25x	224.48x
Non-Institutional Investors (NII)	13.01x	78.81x	559.20x	651.02x
Retail Individual Investors (RII)	6.79x	29.85x	128.36x	165.00x
Total	9.62x	35.30x	241.22x	286.14x

What's next?

With the bidding window closed today, the allotment is expected to be finalised on Friday, October 30, 2026. As the Retail and NII portions are subscribed several times over, allotment in these categories will follow the basis laid out in the offer document, and not every applicant will receive shares. Applicants can check the allotment status on the website of the registrar, KFin Technologies Ltd., NSE and BSE using the application number, demat account number or PAN.

After the allotment is finalised, the shares will be credited to the demat accounts of successful allottees, and refunds will be initiated for applicants who do not receive shares, on Monday, November 2, 2026, ahead of the tentative listing on the BSE and NSE on Tuesday, November 3, 2026.