SHREE TNB POLYMERS IPO
SHREE TNB POLYMERS is a SME IPO with a current status of LISTED. The price band is 50 - 53. The issue opens on 28 SEP and closes on 05 OCT. The listing date is 08 OCT.
Price Band
50 - 53
Unofficial GMP
₹0
Lot Size
2,000 shares
Minimum Investment
₹2,00,000
SHREE TNB 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
₹53.00
Estimated Gain
0.0%
SHREE TNB POLYMERS IPO GMP History
0
28 SEP
0
01 OCT
0
03 OCT
0
04 OCT
10
05 OCT
0
05 OCT
0
06 OCT
0
07 OCT
SHREE TNB POLYMERS IPO Details
- IPO Type
- SME
- Status
- LISTED
- Price Band
- 50 - 53
- Issue Size
- 31.80 CR
- Issue Type
- 31.80 CR
- Fresh Issue
- 30.21 CR
- Face Value
- 10
- Lot Size
- 2,000
- Minimum Investment
- 2,00,000
- Exchange
- BSE SME
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead Managers
- Corporate Makers Capital Ltd.
- Market Maker
- 1.59 CR
SHREE TNB POLYMERS IPO Dates
- Open Date
- 28 SEP
- Close Date
- 05 OCT
- Allotment Date
- 06 OCT
- Refund Date
- 07 OCT
- Demat Credit Date
- 07 OCT
- Listing Date
- 08 OCT
SHREE TNB POLYMERS IPO Subscription
- QIB
- 1.70x
- NII / HNI
- 2.46X
- Retail
- 1.68X
- Employee
- --
- Total Subscription
- 1.90X
SHREE TNB POLYMERS IPO Financials
Revenue
FY2026
₹198.00 Cr
+12.50% vs FY2025
PAT
FY2026
₹7.13 Cr
+23.57% vs FY2025
Total Assets
FY2026
₹145.00 Cr
+14.17% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 208 | 176 | 198 |
| Net Profit | 5.03 | 5.77 | 7.13 |
| Total Assets | 105 | 127 | 145 |
SHREE TNB POLYMERS IPO Valuation
- Market Cap (Post IPO)
- 113.13 CR
- EPS
- 4.65
- P/E Ratio
- 15.87X
- Price to Book Value
- 1.46X
- Industry P/E
- 24.04X
- ROE
- 13.69%
- ROCE
- 16.02%
- RONW
- 13.95%
- Debt / Equity
- 0.80X
- PAT Margin
- 3.60%
- EBITDA Margin
- 9.69%
- Valuation
- FAIR
SHREE TNB POLYMERS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | 2,08,000 |
| Retail Maximum | 2 | 4,000 | 2,08,000 |
| Small HNI | 3 | 6,000 | 3,12,000 |
| Big HNI | 10 | 20,000 | 10,40,000 |
SHREE TNB POLYMERS IPO Reservation
- QIB
- 28,46,000
- NII / HNI
- 8,58,000
- Retail
- 19,96,000
SHREE TNB POLYMERS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 31.0%
- Post-IPO Promoter Holding
- 22.3%
- Anchor Allocation
- 17,06,000
SHREE TNB POLYMERS Company Overview
Shree TNB Polymers Limited is a polymer manufacturing company incorporated in 2007, based in Silvassa. The company manufactures piping systems and plastic products for applications including infrastructure, agriculture, irrigation, packaging and industrial use. Main Products The company's product portfolio includes: HDPE pipes & fittings PP and PPH pipes & fittings Double Wall Corrugated (DWC) pipes Sprinkler pipes Drip irrigation systems Solid industrial sheets Well-pack sheets for packaging and industrial applications The company entered the drip-irrigation segment in 2012 and expanded its DWC-pipe business through the acquisition of the running business of Noble Polytec in 2025.
SHREE TNB POLYMERS Business Model
Shree TNB Polymers Ltd. is a manufacturer of plastic and polymer-based products, primarily serving the agriculture, irrigation, infrastructure, water-management, packaging and industrial sectors. Its major products include: HDPE pipes and fittings PP/PPH pipes and fittings Double Wall Corrugated (DWC) pipes Sprinkler and drip-irrigation products Solid industrial sheets Well-pack sheets
SHREE TNB POLYMERS Objects of the Issue
The company’s IPO proceeds are primarily intended to: Purchase machinery to expand manufacturing capacity. Set up rooftop solar panels to support its energy requirements. Construct a PEB structure for a new manufacturing facility. Repay certain borrowings/debt. Meet general corporate purposes.
SHREE TNB POLYMERS Strengths
1. Diversified product portfolio The company operates across several polymer-product categories rather than relying on a single product, including pipes, fittings, irrigation products and industrial sheets. 2. Multiple end-use industries Its products serve agriculture/irrigation, infrastructure, water management, packaging and industrial applications, giving the company exposure to several demand segments. 3. Expansion through IPO funds A substantial portion of the IPO proceeds is planned for machinery and a new manufacturing facility, which could increase production capacity if the expansion is executed as planned. 4. Profitability improvement Reported PAT increased from approximately ₹5.03 Cr in FY24 to ₹7.13 Cr in FY26, while EBITDA increased from approximately ₹15.22 Cr to ₹19.20 Cr over the same period.
SHREE TNB POLYMERS Risks
1. Revenue has been inconsistent Revenue was approximately ₹207.97 Cr in FY24, fell to ₹175.70 Cr in FY25, and recovered to ₹198.31 Cr in FY26. Thus, the business has not shown a consistent upward revenue trajectory across these years. 2. Debt exposure The IPO includes ₹5.62 Cr for repayment of certain borrowings, indicating that reducing debt is one of the stated uses of the issue proceeds. 3. Low profit margin FY26 PAT of about ₹7.13 Cr on revenue of ₹198.31 Cr represents a relatively small net profit margin, leaving profitability potentially sensitive to raw-material costs and operating expenses. 4. Expansion execution risk The company plans significant capital expenditure on machinery, solar installation and a new PEB manufacturing facility. The expected benefits depend on successful implementation and utilization of the new capacity. 5. Polymer industry exposure The company operates in a business where raw-material prices, particularly polymer/resin costs, can affect manufacturing economics. Demand is also linked to sectors such as infrastructure and agriculture.
SHREE TNB POLYMERS Frequently Asked Questions
What is the SHREE TNB POLYMERS IPO price band?
The SHREE TNB POLYMERS IPO price band is 50 - 53.
What is the latest SHREE TNB POLYMERS IPO GMP?
The latest available SHREE TNB POLYMERS IPO GMP in the IPOWEB database is ₹0. GMP is unofficial and does not guarantee a listing gain.
When does the SHREE TNB POLYMERS IPO open and close?
The SHREE TNB POLYMERS IPO opens on 28 SEP and closes on 05 OCT.
When is the SHREE TNB POLYMERS IPO allotment date?
The SHREE TNB POLYMERS IPO allotment date is 06 OCT.
When is the SHREE TNB POLYMERS IPO listing date?
The SHREE TNB POLYMERS IPO listing date is 08 OCT.
What is the SHREE TNB POLYMERS IPO subscription?
The latest total subscription available for the SHREE TNB POLYMERS IPO is 1.90X.