INJECTO POLYMERS IPO
INJECTO POLYMERS is a SME IPO with a current status of OPEN. The price band is 98 - 100 . The issue opens on 11 SEP and closes on 16 SEP. The listing date is 21 SEP.
Price Band
98 - 100
Unofficial GMP
₹0
Lot Size
1,200 shares
Minimum Investment
₹2,40,000
INJECTO POLYMERS IPO GMP
The latest available GMP is ₹0. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹100.00
Estimated Gain
0.0%
INJECTO POLYMERS IPO GMP History
0
10 SEP
0
11 SEP
0
12 SEP
0
13 SEP
0
14 SEP
INJECTO POLYMERS IPO Details
- IPO Type
- SME
- Status
- OPEN
- Price Band
- 98 - 100
- Issue Size
- 56.12 CR
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹53.29 Cr
- Face Value
- 10
- Lot Size
- 1,200
- Minimum Investment
- 2,40,000
- Exchange
- BSE SME
- Registrar
- Integrated Registry Management Services
- Lead Managers
- Indcap Advisors Pvt.Ltd.
- Market Maker
- ₹2.83 Cr
INJECTO POLYMERS IPO Dates
- Open Date
- 11 SEP
- Close Date
- 16 SEP
- Allotment Date
- 17 SEP
- Refund Date
- 18 SEP
- Demat Credit Date
- 18 SEP
- Listing Date
- 21 SEP
INJECTO POLYMERS IPO Subscription
- QIB
- 1.02x
- NII / HNI
- 0.08x
- Retail
- 0.26x
- Total
- 0.29x
INJECTO POLYMERS IPO Financials
Revenue
FY2026
₹375.53 Cr
+43.62% vs FY2025
PAT
FY2026
₹16.01 Cr
+97.41% vs FY2025
Total Assets
FY2026
₹270.93 Cr
+58.84% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 109.05 | 261.48 | 375.53 |
| Net Profit | 4.44 | 8.11 | 16.01 |
| Total Assets | 121.25 | 170.57 | 270.93 |
INJECTO POLYMERS IPO Valuation
- Market Cap (Post IPO)
- ₹207.90 Cr
- EPS
- 10.55
- P/E Ratio
- 9.48X
- Price to Book Value
- 2.40
- Industry P/E
- 12.99X
- ROE
- 28.94%
- ROCE
- 15.64%
- RONW
- 41.73%
- Debt / Equity
- 2.61X
- PAT Margin
- 4.26%
- EBITDA Margin
- 10.13%
- Valuation
- FAIR
INJECTO POLYMERS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 3,400 | ₹2,40,000 |
| Retail Maximum | 2 | 2,400 | ₹2,40,000 |
| Small HNI | 3 | 3,600 | ₹3,60,000 |
| Big HNI | 9 | 10,800 | ₹10,80,000 |
INJECTO POLYMERS IPO Reservation
- QIB
- 29.95%
- NII / HNI
- 35.01%
- Retail
- 35.04%
INJECTO POLYMERS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 88.14%
- Post-IPO Promoter Holding
- 64.35%
INJECTO POLYMERS Company Overview
Injecto Polymers Limited is an Indian plastic packaging and polymer-products manufacturer. The company is primarily engaged in manufacturing polypropylene (PP) woven fabrics, woven sacks/bags, BOPP laminated woven bags and related flexible-packaging products used across industries such as cement, fertilizers, food grains, chemicals and other industrial applications. The company operates through integrated manufacturing facilities and focuses on customized packaging requirements for institutional and industrial customers. Its business benefits from demand for durable, lightweight and cost-efficient packaging solutions in large-volume commodity industries. The company filed its DRHP in September 2025, with the IPO intended to support expansion, debt reduction and working-capital needs.
INJECTO POLYMERS Business Model
Injecto Polymers' business model is based on converting polymer raw materials, particularly polypropylene granules, into woven fabric and finished packaging products. Its product portfolio broadly includes: PP woven fabrics PP woven sacks BOPP laminated woven bags Printed and customized industrial packaging Packaging solutions for bulk commodity customers The company supplies these products mainly on a B2B basis. Its revenue therefore depends on customer demand from industries such as cement, fertilizers, food products and industrial materials. A key feature of the business is its integrated production capability. This helps the company control production quality, customization, printing and finishing. However, because polypropylene and other polymer inputs form a major part of cost, margins can be sensitive to crude-oil-linked raw-material prices.
INJECTO POLYMERS Objects of the Issue
Object of Issue Amount / Purpose Capital expenditure for Phase-IV expansion / plant & machinery Major portion Repayment / prepayment of borrowings ₹10.00 Cr Working Capital Requirements As per RHP allocation General Corporate Purposes Balance proceeds The expansion-related investment is important because the company is seeking to increase manufacturing scale and meet additional demand. Repayment of ₹10 crore of borrowings should also provide some reduction in finance costs and leverage after the IPO.
INJECTO POLYMERS Strengths
1. Strong revenue growth Injecto Polymers reported significant business expansion, with FY2026 revenue of approximately ₹375.83 crore, compared with about ₹261.85 crore in FY2025. This translates into growth of roughly 43.5%, indicating strong recent scale-up. 2. Strong PAT growth PAT increased from approximately ₹8.11 crore in FY2025 to ₹16.01 crore in FY2026, nearly doubling year-on-year. This demonstrates improving absolute profitability despite the relatively low-margin nature of the packaging industry. 3. Integrated manufacturing capabilities The company manufactures woven fabrics and finished packaging products internally. Integrated operations may improve control over product quality, turnaround time and product customization. 4. Diversified industrial applications Its products serve several end-user industries such as cement, fertilizers, food grains and industrial commodities. Demand is therefore not dependent on only one final-use application. 5. Capacity-expansion opportunity The proposed Phase-IV expansion could provide additional manufacturing capacity and support future revenue growth if utilization levels remain healthy. 6. High return ratios The company's FY2026 metrics indicate ROE around 28.94% and RoNW around 41.73%, reflecting strong returns on shareholder capital despite elevated leverage.
INJECTO POLYMERS Risks
1. High debt level This is one of the biggest risks for IPOWEB. FY2026 borrowings were approximately ₹165.19 crore, while Debt/Equity was around 2.61x. This is materially high and exposes the company to interest-cost and refinancing risk. For this reason, IPOWEB's classification of Debt Risk: HIGH remains appropriate. 2. Low PAT margins Despite strong PAT growth, FY2026 PAT margin was only around 4.26%. Thin margins mean even a moderate increase in raw-material, finance or operating costs could materially affect profitability. 3. Raw-material price volatility Polypropylene is a key raw material and its price is influenced by crude-oil and petrochemical markets. Sharp increases in polymer prices may compress margins if the company cannot pass them on to customers quickly. 4. Working-capital-intensive operations Large-scale polymer manufacturing requires inventories of raw materials and finished products along with customer receivables. This creates significant working-capital requirements and can put pressure on cash flows. 5. Expansion execution risk The proposed Phase-IV capacity expansion requires capital expenditure and successful commissioning. Delays, cost overruns, lower-than-expected utilization or slower demand growth could reduce expected returns. 6. Customer and industry-cycle risk The company operates mainly in B2B industrial packaging. A slowdown in major customer sectors such as cement, fertilizers or commodities could reduce packaging demand. 7. High financial leverage despite growth Strong revenue and PAT growth partly coexist with a highly leveraged balance sheet. Until IPO proceeds and internal cash generation materially reduce debt, financial risk remains elevated.
INJECTO POLYMERS Frequently Asked Questions
What is the INJECTO POLYMERS IPO price band?
The INJECTO POLYMERS IPO price band is 98 - 100 .
What is the latest INJECTO POLYMERS IPO GMP?
The latest available INJECTO POLYMERS IPO GMP in the IPOWEB database is ₹0. GMP is unofficial and does not guarantee a listing gain.
When does the INJECTO POLYMERS IPO open and close?
The INJECTO POLYMERS IPO opens on 11 SEP and closes on 16 SEP.
When is the INJECTO POLYMERS IPO allotment date?
The INJECTO POLYMERS IPO allotment date is 17 SEP.
When is the INJECTO POLYMERS IPO listing date?
The INJECTO POLYMERS IPO listing date is 21 SEP.
What is the INJECTO POLYMERS IPO subscription?
The latest total subscription available for the INJECTO POLYMERS IPO is 0.29x.