BLS Polymers Limited

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NSE · Source: INVESTORGAIN

Price band

₹142–₹150

Issue size

₹255 Cr

Fresh issue

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Offer for sale

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GMP ₹38 (25.33%)grey-market · 6 hr ago

Bull / base / bear

What would have to hold for each case — not a price target or a projected figure. CapitSignal does not forecast where this stock trades.

The Indian polymer compounding market continues to grow at the projected CAGR of ~8.2%.
The market is expected to expand from USD 8,330 million in 2023 to USD 13,415 million by 2029, driven by demand in various sectors.
BLS Polymers successfully expands its manufacturing facility as planned.
The company intends to use IPO proceeds for capital expenditure to enhance production capacity.
The company maintains its high percentage of repeat customers.
As of March 31, 2025, 93.04% of revenue came from repeat orders, indicating strong customer loyalty.
The company effectively manages raw material costs and supply chain risks.
The management believes that trade receivables are recoverable, which suggests confidence in cash flow management.

BLS Polymers continues its current revenue trajectory.
The company reported revenue from operations of ₹ 32,843.59 lakhs for the fiscal year ending March 31, 2025.
The company maintains its current customer concentration levels.
Top 10 customers contributed 64.44% of revenue in Fiscal 2025, indicating a reliance on a limited customer base.
The company faces no significant regulatory or operational disruptions.
The company has obtained all necessary approvals for its current activities and does not foresee material adverse impacts from pending approvals.