Figures last updated 21 Oct 2026, 11:00 PM IST · How we work · Report an error

BLS Polymers Limited

Mainboard IPOUpcomingPolymer Compounding

Price band₹142 – ₹150per share · face value ₹10

Minimum investment₹14,2001 lot · 100 shares at lower band

IPO dates27 Oct – 29 OctOpens 27 Oct

GMP UNOFFICIAL₹30▲ +20.00%Est. listing price ₹180Subscription PUBLICNot started

Reviewed by our team. This analysis was prepared from the offer document on 20 Oct 2026. Figures can contain errors; check them against the offer document before relying on them. It is information, not investment advice.

Valuation

At the upper price band of ₹150

INVESTORTRACK ANALYSIS

P/E (FY26 EPS)25.0x23.7x at lower band

P/B7.1xBook value ₹21.08 / share

EPS (FY26)₹6.0FY25: ₹4.7

Market cap₹930.45 CrPost-issue, at ₹150

Issue valuation27.4%Issue size ÷ market cap

BLS Polymers Limited peer comparison

From the offer document’s own listed-peer table

OFFICIAL IPO DATA

Comparison with listed industry peers: EPS, NAV, P/E, RoNW and revenue
Company	EPS basic	EPS diluted	NAV	P/E	RoNW	Revenue (₹ Cr)
BLS Polymers LimitedThis IPOFinancial statements · Restated	₹6.0	₹6.0	₹21.1	25.0x	28.4%	₹349.43
Kingfa Science & Technology (India) LimitedFinancial statements · Consolidated	₹144.1	₹144.1	₹1155.4	46.3x	13.2%	₹1,995.55
DDev Plastiks Industries LimitedFinancial statements · Consolidated

The offer document reports peer P/E multiples ranging from 12.97 to 46.25 with an industry average of 24.59 as of October 12, 2026, while the price band and valuation multiples for BLS Polymers Limited remain unspecified in this Red Herring Prospectus.

BLS Polymers IPO in context

How the size of this issue compares with every IPO in our archive

INVESTORTRACK ANALYSIS

How big the issue is

At ₹255 Cr, BLS Polymers is a larger issue than 25% of the 719 Mainboard IPOs in our archive that state an issue size (the median is ₹572 Cr).

How IPOs of a similar size listed

Of 324 Mainboard IPOs in our archive with an issue of ₹250 Cr to ₹1,000 Cr (listed 2010 to date), 67% opened above the issue price and 27% below. The median opening gain was +7.78%, and the middle half ranged from −0.39% to +30.97%.

This describes how past issues opened, not what this IPO will do: one issue can land far outside the range, the opening price says nothing about what happens afterwards, and past results are not a forecast.