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Company Profile

BLS Polymers is a manufacturer of custom-formulated polymer compounds that serve essential roles in critical industries such as power, telecommunications, railways, water, and oil and gas distribution. The company’s diverse product portfolio includes specialized compounds used for wire and cable insulation, jacketing, and sheathing, as well as protective coatings for underground pipelines.

Operating from a manufacturing facility in Goa equipped with an in-house laboratory and ISO 9001:2015 certification, the company utilizes its strategic proximity to the Mormugao Port to efficiently manage raw material imports and international exports. Beyond its standard product lines, the company develops customized solutions tailored to specific customer needs through an in-house product development team. Part of the established BLS Group, the company serves a growing customer base across multiple countries and maintains mandatory product approvals from major government and public sector enterprises, creating a strong barrier to entry in the market.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Government Approvals: Enlisted with prominent government agencies with a pre-approved product portfolio.
• Diversified Product Portfolio: Caters to multiple industries with specialised polymer compounds.
• Established Customer Relationships: More than 100 customers have been associated with the company for over three years.
• Wide Market Presence: Serves customers across India and international markets.
• Product Development Capabilities: Develops customised polymer compounds to meet specific industry and customer requirements.

The Company BLS POLYMERS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of the existing products (Rs. 77.56 Cr.)
• Funding working capital requirements of the Company (Rs. 89.50 Cr.)
• General Corporate Purposes.

At the upper band of IPO Rs. 150, the stock is valued at 34.48 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.