241x Subscribed: BLS Polymers IPO Result and Allotment Status
BLS Polymers IPO was subscribed 241.22 times, so most applicants will see not allotted. Here is how to check your IPO result, when refunds come and what the GMP really means before the Nov 3 listing.
Bids came in for 2,87,05,49,400 shares. Only 1,19,00,000 were on offer.
That is the BLS Polymers IPO in one line. The ₹255 crore issue closed 241.22 times subscribed, and the basis of allotment was finalised on October 30. If you applied, your IPO result is now out, and for most people it will say "not allotted".
Quick answer
- BLS Polymers IPO was subscribed 241.22 times overall, with the retail portion at 128.36 times.
- Allotment was finalised on October 30. Check your status on the KFin Technologies site, BSE or NSE with your PAN or application number.
- Refunds and demat credit are due on November 2, and the shares are scheduled to list on BSE and NSE on November 3.
- The grey market premium was about ₹68 to ₹70, but GMP is unofficial and does not guarantee a listing price.
This is general education about how IPO allotment works, not a recommendation to buy, sell or hold any share.
How do you check the BLS Polymers IPO allotment status?
You can check it on the registrar's site, KFin Technologies, or on the BSE and NSE pages, using your PAN, application number or demat account number.
The registrar is the quickest route, according to TraceNews. Here is how it works:
- Open the KFin Technologies IPO status page at ipostatus.kfintech.com.
- Pick BLS Polymers from the list of issues.
- Choose PAN, application number or demat account as your search option.
- Enter the details and submit.
- You will see either the number of shares allotted or a "not allotted" message.
On BSE, select "Equity" as the issue type, choose BLS Polymers, then enter your application number or PAN (Moneycontrol). NSE has a separate bid verification page that works the same way.
If you applied through a broker app such as Zerodha or Groww, the status also shows inside the app a little after the registrar updates it.
Why will most applicants not get shares?
Most applicants will miss out because demand was far bigger than supply, and in an oversubscribed retail quota shares are given out by a computerised lottery.
The retail portion was bid 128.36 times, and the issue drew about 61,60,926 applications in total (IPOSathi). In a lottery, as many applicants as possible get the minimum lot, chosen at random, and everyone else gets a refund.
Bigger investors were even hungrier. Here is how each category closed on the final day:
| Category | Final subscription |
|---|---|
| QIB (institutions) | 200.25x |
| NII (HNI) | 559.20x |
| bNII (big HNI) | 592.83x |
| sNII (small HNI) | 491.94x |
| Retail | 128.36x |
| Total | 241.22x |
Source: NSE data via Moneycontrol
The jump on the last day is normal. The issue was only 9.62x subscribed on Day 1 and 35.30x on Day 2, before closing at 241.22x (TraceNews). Large investors tend to bid late.
What most guides miss: applying with more money does not improve your odds as a small investor. The retail lottery is about getting one lot, so a 13-lot application of ₹1,95,000 still competes for the same single ₹15,000 lot as a 1-lot application, while a bigger amount stays blocked in your account until the refund.
When will you get your refund or shares?
Refunds and demat credit are both due on Monday, November 2, and trading starts on Tuesday, November 3.
Here is the full timeline from TraceNews:
| Event | Date |
|---|---|
| IPO opened | October 27 |
| IPO closed | October 29 |
| Basis of allotment | October 30 |
| Refund and demat credit | November 2 |
| Listing on BSE and NSE | November 3 |
If you paid through UPI or ASBA, your money was only blocked, not taken. If you are not allotted, that block is released after the basis of allotment is finalised (IPOSathi). Check your bank app on November 2 before you panic.
What does the BLS Polymers GMP say about listing?
The GMP points to a strong listing, but it is an unofficial number from off-market dealers and it can fall quickly before November 3.
In the grey market, BLS Polymers was quoted at a premium of ₹68, or about 45.33 percent, over the ₹150 upper band on October 30, according to InvestorGain data cited by Moneycontrol. IPOSathi later recorded ₹70. That points to a price around ₹218 to ₹220.
The premium has climbed fast. It was about ₹20 before the IPO opened and about ₹29 on October 22.
Compare that with another IPO that had allotment the same day. SFC Environmental Technologies was subscribed nearly 9.47 times, and its GMP stood at ₹20, or 6.60 per cent over its ₹330 issue price (ET Now). Heavy demand and a high GMP usually travel together, but neither is a promise.
What is BLS Polymers, and what will it do with the money?
BLS Polymers is a New Delhi company that makes polymer compounds used to sheath and insulate wires and cables for the power, telecom and railway sectors.
The issue was a fresh issue of 1.7 crore shares, so the money goes to the company, not to selling shareholders (Moneycontrol). It plans to put ₹77.56 crore into expanding its Goa factory and ₹89.5 crore into working capital.
The numbers behind the business:
- Net profit rose 27.8 percent to ₹27 crore in FY26, from ₹21.1 crore in FY25.
- Revenue from operations rose 6.4 percent to ₹349.4 crore.
- In the June 2026 quarter, it earned ₹10.2 crore on revenue of ₹107.02 crore.
- Before the IPO, it raised ₹76.5 crore from six anchor investors at ₹150 a share.
Profit grew much faster than revenue. That is worth a closer look in the prospectus before you decide whether to hold any shares you get.
FAQs
Where can I check my BLS Polymers IPO result?
On the KFin Technologies IPO status page, the BSE application status page or the NSE bid verification page, using your PAN or application number.
When will my money come back if I did not get shares?
Refunds are due on November 2. If you used UPI or ASBA, the blocked amount is simply released.
What is the BLS Polymers IPO listing date?
The shares are scheduled to list on BSE and NSE on November 3.
Is GMP a reliable guide to the listing price?
No. GMP is an unofficial, unregulated quote that changes with demand. Treat it as a mood reading, not a forecast.
Expert review: pending.
This article is for education only and is not investment, tax or legal advice. IPO investments are subject to market risks; read the prospectus and consult a SEBI-registered adviser before investing.
Related reading
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- 5 IPOs, ₹2,581 Crore: Which IPO Is Best to Buy Today in India?
- ₹14,985 per Lot: EAAA IPO Dates, Allotment Check and GMP Truth
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