BLS Polymers IPO allotment likely today; GMP hints at 45% listing gain. Here's how to check status

ETMarkets.com

Investors can expect an update on their allotment status today, which will determine whether they have received shares in the heavily subscribed issue. BLS Polymers shares are scheduled to list on the BSE and NSE on November 3, 2026.

Adding to the buzz around the IPO, its grey market premium (GMP) is currently hovering around 45%, indicating strong unofficial expectations of listing gains. However, GMP is an unofficial indicator and should not be considered a guarantee of listing performance, as it can fluctuate before the shares debut on the exchanges.

The IPO, which opened for subscription on October 27 and closed on October 29, received an overwhelming response, with an overall subscription of 241.22 times. Demand was particularly strong from non-institutional investors (NIIs), whose category was subscribed 559.20 times. Qualified institutional buyers (QIBs) subscribed 200.25 times, while the retail individual investors' portion received bids 128.36 times the shares on offer.

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The Rs 255 crore book-built issue comprises an entirely fresh issue of 1.70 crore shares. The company had fixed the price band at Rs 142-150 per share, with a lot size of 100 shares. Retail investors were required to invest a minimum of Rs 15,000 to apply for one lot at the upper end of the price band.

Following the allotment finalisation, the company's shares are tentatively scheduled to list on both the BSE and NSE on November 3, 2026.

Unistone Capital Pvt. Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is the registrar to the IPO.

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

• Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)
• Select BLS Polymers from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
• Select Equity.
• Choose BLS Polymers from the list.
• Enter your application number and PAN to check the status.

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose BLS Polymers from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

BLS Polymers IPO GMP today

BLS Polymers IPO was trading at a grey market premium (GMP) of Rs 68 per share. At the upper price band of Rs 150, this translates into an estimated listing price of Rs 218 per share, indicating a potential gain of around 45% over the issue price. However, GMP is an unofficial indicator of market sentiment, can fluctuate before listing and does not guarantee the actual listing price or returns.

IPO objects of the issue

The company plans to utilise Rs 77.56 crore from the IPO proceeds to fund capital expenditure for expanding its manufacturing facility and increasing the production capacity of certain existing products.

Another Rs 89.50 crore will be allocated towards meeting working capital requirements, while the remaining proceeds will be used for general corporate purposes. The total estimated amount earmarked for the specified objects is Rs 167.06 crore.

Financial performance

BLS Polymers Ltd.'s total income increased 5% to Rs 354 crore in FY26 from Rs 337 crore in FY25. Its profit after tax (PAT) rose 28% to Rs 27 crore from Rs 21 crore over the same period.

About BLS Polymers

BLS Polymers Ltd. manufactures specialised polymer compounds used in wires, cables and underground pipelines. Its product portfolio includes HDPE, MDPE, LLDPE, XLPE, PVC, HFFR, cable filling compounds and adhesive coating compounds. These products cater to industries such as power, telecommunications, railways, water, and oil and gas.

The company operates a manufacturing facility in Goa spread across approximately 24,220 square metres and equipped with 11 machines. It also has an in-house laboratory, a quality control team and ISO 9001:2015 certification. The company develops customised products to meet specific customer requirements.

BLS Polymers serves more than 190 customers and exports its products to countries including Bangladesh, Egypt, Saudi Arabia, the UAE, the US and Zambia. Its proximity to Mormugao Port supports the import of raw materials and export of finished products.