Pune: BLS Polymers Limited, a leading manufacturer of specialized polymer compounds, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (BLS Polymers IPO).
The BLS Polymers IPO will consist entirely of a fresh issue of up to 1.7 crore equity shares, each with a face value of ₹10. Proceeds from the issue are expected to support the company’s growth and operational expansion.
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Serving critical industries including telecommunications, power, railways, water, oil, and gas distribution, BLS Polymers produces high-quality polymer compounds used in the sheathing, jacketing, and insulation of wires and cables.
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Additionally, its products are vital for coating underground pipelines to protect against corrosion and harsh environmental conditions, ensuring infrastructure durability.
According to the CRISIL report, the company’s products play an integral role in high-performance applications across essential sectors. Unistone Capital Private Limited will act as the sole Book Running Lead Manager (BRLM) for the issue.
