BLS Polymers raised ₹76.5 crore from six anchor investors on 26 October, a day before its IPO opens. The BLS Polymers IPO anchor investors bought 51 lakh shares at the upper band of ₹150. Anchors are big institutions that buy before the issue opens to everyone else.
Who are the anchor investors?
Nakshatra Asset Ventures put in the most money. It bought through two of its schemes. Six investors took part in all, as per a Moneycontrol report.
| Anchor investor | Amount (₹ crore) |
|---|---|
| Nakshatra Asset Ventures (two schemes) | 26.78 |
| Vikasa India EIF I Fund | 14.68 |
| Venus Investments | 10 |
| Radiant Global Fund | 10 |
| Pine Oak Global Fund | 10 |
| Innovative Vision Fund | 5 |
Nakshatra alone bought about 35% of the anchor book. The smallest anchor put in ₹5 crore.
What our data shows
The anchor book is 30% of the ₹255 crore issue. The grey market premium (GMP) was ₹42 on 26 October, about 28% over the upper band. GMP is an unofficial grey market number, not an exchange price.
The grey market has not been a precise guide lately. Its last quote before listing missed the actual gain by about 7 points on average across the latest 10 mainboard debuts.
Key facts of the issue
| Detail | BLS Polymers IPO |
|---|---|
| Price band | ₹142–150 |
| Issue size | ₹255 crore, entirely fresh |
| Lot size | 100 shares |
| Minimum investment | ₹15,000 |
| Opens and closes | 27 October and 29 October |
| Allotment | 30 October |
| Listing | 3 November on BSE and NSE |
The money goes to the company. About ₹77.56 crore is for expanding its Goa plant. Another ₹89.5 crore is for working capital. Unistone Capital is the lead manager.
What does the company earn?
BLS Polymers makes polymer compounds that coat wires, cables and underground pipelines. It has one plant in Goa. Its total income was ₹354.41 crore in FY2026, up from ₹336.70 crore a year earlier.
Profit after tax rose to ₹27.01 crore in FY2026 from ₹21.14 crore. Income grew only 5.26% in FY2026, so most of the profit rise came from better margins. At the upper band, the company would have a market value of about ₹930 crore after the issue.
What happens next
Bidding opens on 27 October and closes on 29 October. Allotment is due on 30 October. You can follow the issue on our BLS Polymers IPO page. Our earlier post has the price band, business and financials.
