BLS Polymers GMP Surges 34%, SFC Tech & MK Sons Eyes Nov 4 Debut
Primary market momentum accelerated on Dalal Street on Thursday, October 29, 2026, as retail and institutional investors evaluated three distinct public offerings spanning polymers, environmental engineering, and retail jewelry. The simultaneous action saw distinct divergences in grey market sentiment: BLS Polymers emerged as the day's outperformer with unofficial premiums indicating strong double-digit listing gains, clean-tech player SFC Environmental Technologies entered its final subscription hours to wrap up a ₹667.53 crore capital raise, and luxury jewelry retailer MK Sons Fine Jewels continued accepting bids with steady investor interest backed by strong earnings growth. With closing deadlines, allotment confirmations, and official listing schedules converging between late October and early November across the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), market participants are closely parsing Grey Market Premiums (GMP), valuation bands, and corporate balance sheets.
BLS Polymers IPO: 34% GMP Premium Steals the Show as Bidding Wraps Up Today
Specialty polymer manufacturer BLS Polymers witnessed buoyant unlisted market activity as its ₹255 crore initial public offering entered its final day of public bidding on Thursday. Floating a 100% fresh equity issue with no offer-for-sale (OFS) dilution, the company fixed a price band of ₹142 to ₹150 per share with a lot size of 100 shares, translating to a minimum retail threshold of ₹15,000 at the upper band. In unofficial trading, BLS Polymers commanded a Grey Market Premium of approximately ₹51 per share, representing an indicative premium of nearly 34% over the issue price and signaling an expected listing price around ₹201, though trackers also logged quotes around ₹44 depending on volume liquidity. The company has earmarked ₹77.56 crore of the fresh proceeds toward expanding production capacity at its core manufacturing facility in Goa, deploying another ₹89.5 crore to fulfill working capital requirements, with the remainder reserved for corporate contingencies. The offering allocates 50% of the net issue to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 35% to retail bidders, with basis of allotment scheduled for October 30 and official market listing slated for Tuesday, November 3, 2026.
SFC Environmental Technologies IPO: Final Bidding Day for ₹667 Cr Clean-Tech Issue
Environmental infrastructure solutions provider SFC Environmental Technologies is closing its three-day bidding window today, October 29, concluding its ₹667.53 crore book-built offering. The issue features a price band of ₹313 to ₹330 per share with a minimum bid lot of 45 shares, requiring a capital outlay of ₹14,850 for retail investors bidding at the cut-off price. Grey market trackers indicated a steady premium of ₹10 to ₹12 per share, pointing to an estimated listing price of roughly ₹340 to ₹342, reflecting an informal listing cushion of approximately 3.6%. The capital structure comprises a ₹150 crore fresh issue alongside a ₹517.53 crore Offer for Sale from existing selling shareholders. From its fresh capital pool, the municipal and industrial wastewater specialist plans to direct ₹42.23 crore toward retiring debt and ₹74.92 crore to support operational working capital needs. Drawing strength from expanding urban sewage treatment and industrial recycling mandates across India, SFC Environmental Technologies delivered robust FY26 numbers, generating ₹821 crore in total revenue and ₹160 crore in net profit. While overall subscription stood at 0.27 times at the end of Day 2 on October 28, institutional bidding runs in the final hours will shape overall oversubscription multiples ahead of allotment on October 30 and listing on November 3.
MK Sons Fine Jewels IPO: ₹275 Cr Issue Sees Steady GMP Ahead of Oct 30 Close
Jewelry retailer MK Sons Fine Jewels is progressing steadily through its public subscription window, which remains open for investor bids until Friday, October 30, 2026. The Mumbai-headquartered retail chain is executing a ₹275.40 crore public offering within a price corridor of ₹153 to ₹162 per share, requiring a minimum retail commitment of ₹14,742 for a single lot of 91 equity shares. In grey market trading, the counter changed hands at a steady premium of ₹8 over the upper price band, translating to an estimated listing price of ₹170 and an indicative gain of roughly 4.9%. The offering combines a fresh issue of ₹220.32 crore with an OFS of ₹55.08 crore by selling promoters. Operating five physical showrooms across prime commercial corridors—three in Mumbai and two in Ahmedabad—MK Sons intends to utilize the fresh capital to establish a new flagship retail outlet in Maharashtra, expand existing footprint across Gujarat, pay down existing commercial debt, and fund general corporate overheads. The retailer recorded a steep financial expansion in fiscal 2026, growing annual revenue by 53.4% year-on-year to ₹538.7 crore from ₹351.3 crore in FY25, while net profit more than doubled from ₹23.3 crore to ₹51.8 crore. Share allotment for MK Sons is scheduled for November 2, with the stock officially listing on both the BSE and NSE on Wednesday, November 4, 2026.
