BLS Polymers Limited

1. Company Overview

• About the Company: BLS Polymers Limited is a prominent player in the polymer and plastic compounding industry, specializing in the manufacturing, trading, and distribution of engineering polymers, plastic raw materials, and customized compound solutions.
• Core Business Products: The company deals in various polymers, engineering plastics, and specialized granules used across diverse industry verticals including packaging, automotive, consumer goods, and industrial applications.
• Manufacturing Facility: Operates production units with planned expansions, notably boosting capacities (such as upcoming footprints in Goa).

2. Performance

• Market Position: BLS Polymers has built a solid foothold in the polymer supply chain, serving a wide domestic and international client network.
• Growth Drivers: Steady demand from packaging and consumer goods sectors, coupled with value-added customized polymer compounding, has supported its business expansion and scale-up.

3. IPO Details

• Listing Platform: Mainboard Listing (BSE & NSE)
• Total Issue Size: Fresh issue aggregating to approximately ₹167.06 crore (with total IPO planning structure up to ₹255 crore depending on tranches)
• Offer Structure: Consists entirely of a fresh issue component with no Offer for Sale (OFS) component by existing promoters.
• Use of Proceeds: Funds raised are primarily earmarked for expanding the manufacturing facility (such as the Goa plant expansion) and funding working capital requirements.

4. Financial Details

(Figures in ₹ Crore)

• Key Ratios & Metrics:
  • EBITDA Margin: ~12.08%
  • Debt-to-Equity Ratio: ~1.09x
  • Return on Capital Employed (ROCE): ~25.46%