BLS Polymers Limited IPO

During the Fiscals 2025, 2024 and 2023, the company derived 81.59%, 80.49% and 94.32% of its revenue from the sale of wire and cable polymer compounds. Any loss of sales due to reduction in demand for such products would have a material adverse effect on its business, financial condition, results of operations and cash flows.

The company's business largely depends upon its top 10 customers which contributed 64.44%, 50.52% and 51.02% in the Fiscals 2025, 2024 and 2023. The loss of any of these customers could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.

The company does not have firm commitment agreements with its customers. If the company's customers choose not to source their requirements from the company, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.

In order to sell its products to certain industries, the company is required to enlist our products with government agencies. Inability to enlist its products, may limit the company's access to key infrastructure projects as well as business scalability.

As of March 31, 2025, the company derives 93.04% of its revenue from operations from repeat orders of the company's customers. Any loss of, or a significant reduction in the repeat orders received by the company could adversely affect its business, results of operations, financial condition and cash flows.

The company is subjects to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failures by the company to comply with these performance requirements may lead to reduction in the company's order value, recalls or liability claims.

The company highlys depend on a few key suppliers who help the company procure raw materials for manufacturing the company's products. The Company has not entered into long-term agreements with most of its suppliers for supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected. Any fluctuation in prices of the company's raw materials, may have a material adverse effect on its business, results of operations, prospects and financial condition.

The Company is dependent on the demand from industries where its products find application. Any downturn in such industries could have an adverse impact on the Company's business and results of operations.

The company operates out of a single Manufacturing Facility which is located at Goa and is subject to operating risks. Any shutdown of its Manufacturing Facility or other production problems caused by unforeseen events may reduce sales and adversely affect the company's business, cash flows, results of operations and financial condition

The company's Statutory Auditors have included certain emphasis of opinion in the independent auditors' report for the Fiscals 2025, 2024 and 2023.