BLS Polymers IPO
Open Date
27 Oct 2026
Close Date
29 Oct 2026
Open Date
27 Oct 2026
Close Date
29 Oct 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed
IPO Open Now.

Founded In
1991
Director
Dinesh Sharma
Financials of Bls Polymers IPO
| Key Performance Indicators | Mar 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Operating Revenue | 328.44 | 349.43 | 107.03 |
| Other Income | 8.26 | 4.98 | 0.78 |
Total Income | 336.70 | 354.41 | 107.81 |
Total Expenses | 308.43 | 318.43 | 94.13 |
| Profit Before Tax | 28.27 | 35.99 | 13.68 |
Total Profit | 21.14 | 27.01 | 10.23 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company intends to utilize a portion of the Net Proceeds to finance capital expenditure towards expanding its existing Manufacturing Facility at Goa by increasing the manufacturing capacity of PE and XLPE compounds by lakhs of MTPA, covering civil works, utilities, and plant & machinery. | 78 |
| The company proposes to deploy a portion of the Net Proceeds to meet its working capital requirements, including inventories, trade receivables, and other current assets, to support business operations and execute future domestic and international orders across Fiscals 2027 and 2028. | 90 |
| The company intends to utilize the balance Net Proceeds for general corporate purposes, including meeting ordinary course business requirements such as marketing, salaries, rent, administration expenses, maintenance, payment to creditors, and advisory services, subject to a cap of 25% of Gross Proceeds. | - |

- Enlisted with Prominent Government Agencies with Pre-Approved Product Portfolio: The company has enlisted its products with a Maharatna CPSE power transmission company, a Navratna CPSE engineering consultancy company, a Miniratna CPSE telecommunication company, and the Government of Gujarat, serving as a significant barrier to entry for new players in the polymer compound industry.
- Diversified Industry Applications with Differentiated Product Portfolio: The company manufactures 127 grades across 6 product segments (PE, XLPE, PVC, CFC, HFFR, Pipe Coating), with wire & cable and pipe coating products generating revenues of ₹28,279.63 lakhs and ₹6,663.20 lakhs respectively in Fiscal 2026, representing 80.93% and 19.07% of total revenue.
- Long-Standing Relationships with Customers: The company has served more than 190 customers across power cables, telecommunication, and infrastructure industries, with ~93.92% repeat customers year-on-year; revenue from repeat customers constituted 96.51% of revenue from operations in Fiscal 2026 (₹33,724.33 lakhs).
- PAN-India Market Presence: The company has established a presence across 23 states/union territories in India, with 94.68% of revenue from operations generated from domestic operations as of June 30, 2026, and has also exported to countries such as Bangladesh, Egypt, Saudi Arabia, UAE, and Zambia.
- Integrated Product Development Capabilities: The company has an in-house product development team of 7 employees (as of August 31, 2026) supported by third-party consultants, with a total development cost of ₹120.86 lakhs incurred for HDPE and adhesive coating compounds for 3LPE Coating, which have been enlisted with a Navratna CPSE engineering consultancy company.
- Industry Tailwinds Supporting Growth: The Indian polymer compounding market grew from USD 5,967 million in 2019 to USD 9,934 million in 2025 and is expected to grow at a CAGR of ~9.0% from 2026 to 2031, reaching USD 16,507 million, driven by infrastructure development, power sector expansion, and government initiatives like the National Gas Grid and Jal Jeevan Mission.
- Experienced Promoters and Senior Management Team: The company is guided by promoters with extensive polymer industry experience, including Vinod Aggarwal (35+ years) and Karan Aggarwal (14+ years), supported by senior professionals such as Executive Director Dinesh Sharma (35+ years in sales & marketing), enabling effective navigation of market challenges.

