Specialty Chemicals - Polymer Compounds - Listed on 03 November 2026
BLS Polymers (Specialty Chemicals - Polymer Compounds) closed its IPO window in 2026 and listed on NSE and BSE on 03 November 2026 at an upper band issue price of Rs 150, opening at Rs 248 for a listing gain of +65.3% and closing day one at Rs 269 (+79.3% on closing basis). The IPO was subscribed 241.22x overall - QIB 200.25x, HNI/NII 559.20x, Retail 128.36x. The total issue size was Rs 255 Cr (Fresh Issue Rs 255 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Specialty Chemicals - Polymer Compounds
BLS Polymers manufactures polymer compounds and specialty polymer products used by customers across industrial and related applications. Its business is exposed to raw-material price movements, product mix, customer demand and competition in the polymer and specialty chemicals markets.
Issue structure, listing outcome and context
The ₹255 crore IPO was entirely a fresh issue of 1.70 crore equity shares, priced at ₹150 per share at the upper end of the ₹142 to ₹150 price band. Shares listed on NSE at ₹248 on 3 November 2026, a 65.33% premium to the issue price. The issue was subscribed 241.22 times overall, with QIB, NII and retail portions subscribed 200.25 times, 559.20 times and 128.36 times respectively on Day 3. User-provided Day 3 GMP was 37.9% and IPOGyani AI prediction was 44.7%.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 68 | +45.30% |
| Day 2 | Rs 68 | +45.30% |
| Day 3 | Rs 56.85 | +37.90% |
| Day 4 | Rs 70 | +46.70% |
| Day 5 | Rs 68 | +45.30% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 20.6 pp (Variance observed)
How the broader market moved around the BLS Polymers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
BLS Polymers IPO listed at +65.3% versus the upper issue price of Rs 150 on 03 November 2026.
BLS Polymers IPO was subscribed 241.22x overall. QIB portion was subscribed 200.25x, HNI / NII 559.20x and Retail 128.36x.
IPO GMP started at Rs 68 on Day 1 and moved to Rs 68 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.