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BLS Polymers Sets IPO Price Band At Rs 142 To Rs 150
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Moneycontrol•19-10-2026, 16:21
BLS Polymers Sets IPO Price Band At Rs 142 To Rs 150
- •BLS Polymers will open its Rs 255-crore initial public offering for public subscription on October 27, closing on October 29.
- •The price band for the issue has been fixed at Rs 142 to Rs 150 per share, valuing the company at Rs 930.5 crore.
- •The company plans to use Rs 77.56 crore of the net proceeds to expand its manufacturing facility in Goa and Rs 89.5 crore for working capital requirements.
- •For the financial year ended March 2026, BLS Polymers reported a net profit of Rs 27 crore with a revenue of Rs 349.4 crore.
- •Unistone Capital has been appointed as the merchant banker to manage the IPO.
Key Questions Answered
The BLS Polymers IPO will open for public subscription from October 27 to October 29, with the anchor book opening on October 26. The price band has been set at Rs 142 to Rs 150 per share, valuing the company at Rs 930.5 crore.
The company plans to use Rs 77.56 crore of the net IPO proceeds to expand its manufacturing facility in Goa, allocate Rs 89.5 crore for working capital requirements, and use the remaining funds for general corporate purposes.
For the financial year ended March 2026, BLS Polymers reported a net profit of Rs 27 crore, which is a 27.8 percent increase from Rs 21.1 crore the previous year. Its revenue also rose by 6.4 percent to reach Rs 349.4 crore.
