Injecto Polymers IPO: Price Band, Lot Size, Financials & Review
Injecto Polymers IPO listed on BSE on Mon, 21 Sep 2026. The issue was subscribed 1.29x overall.
- Open Date
- 11 Sep 2026
- Close Date
- 16 Sep 2026
Last updated
- Price band
- ₹90 – ₹100
- Lot size
- 1,200 shares
- Min. investment
- ₹2,40,000
- Issue size
- ₹56.12 Cr
- Last GMP
- 0
- Subscribed
- 🔥 1.29x
Injecto Polymers IPO details
Injecto Polymers IPO is a ₹56.12 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Fri, 11 Sep 2026 to Wed, 16 Sep 2026. Allotment was finalised on Thu, 17 Sep 2026, and the shares listed on BSE on Mon, 21 Sep 2026.
The price band is ₹90 to ₹100 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,40,000. Retail investors can apply for up to 2 lots (2,400 shares, ₹2,40,000).
Integrated Registry Management Services Private Limited is the registrar, and Indcap Advisors Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Injecto Polymers IPO GMP before listing was 0 (0.00% against the upper price band of ₹100), implying an estimated listing price of ₹100. Across 10 days of tracking, GMP ranged from 0 (12 Sep) to 0 (12 Sep).
| Last GMP | 0 |
|---|---|
| GMP vs upper band | 0.00% |
| Estimated listing price | ₹100 |
| Highest (12 Sep) | 0 |
| Lowest (12 Sep) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Injecto Polymers IPO day-wise GMP.
Subscription
Day-wise subscription →Injecto Polymers IPO was subscribed 1.29x overall: QIB 1.57x, NII 1.21x and retail 1.28x.
| Category | Subscribed |
|---|---|
| QIB | 1.57x |
| NII | 1.21x |
| └ bNII (above ₹10 lakh) | 1.70x |
| └ sNII (₹2–10 lakh) | 0.22x |
| Retail | 1.28x |
| Total | 1.29x |
Final figures at the close of bidding on 16 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Injecto Polymers IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 9,57,600 | 17.97% |
| Qualified Institutions | 6,38,400 | 11.98% |
| Non-Institutional | 18,66,000 | 35.01% |
| └ BNII | 12,44,400 | 23.35% |
| └ SNII | 6,21,600 | 11.66% |
| Retail Investors | 18,67,200 | 35.04% |
| Total | 53,29,200 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Injecto Polymers IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,40,000 |
| Retail (Max) | 2 | 2,400 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,60,000 |
| S-HNI (Max) | 8 | 9,600 | ₹9,60,000 |
| B-HNI (Min) | 9 | 10,800 | ₹10,80,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹100, the issue is priced at 9.48x pre-issue earnings and 12.99x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 14.24x (2 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹10.55 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 9.48x |
| EPS (post-issue) EPS on the enlarged share capital | ₹7.7 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 12.99x |
| Promoter holding (pre-issue) | 88.14% |
| Promoter holding (post-issue) | 0.00% |
Injecto Polymers Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹261.85 Cr to ₹375.83 Cr, and profit after tax rose from ₹8.11 Cr to ₹16.01 Cr. The PAT margin for 31 Mar 2026 was 4.26%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 270.93 | 170.57 | 121.25 |
| Total Income | 375.83 | 261.85 | 109.80 |
| Profit After Tax | 16.01 | 8.11 | 4.44 |
| EBITDA | 38.04 | 22.57 | 12.35 |
| Net Worth | 63.34 | 47.33 | 21.22 |
| Reserve & Surplus | 48.16 | 32.15 | 7.84 |
| Total Borrowings | 165.19 | 101.11 | 83.35 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 28.94 | 23.66 | 22.89 |
| ROCE % | 15.64 | 13.91 | 10.68 |
| Debt / Equity | 2.61 | 2.14 | 3.93 |
| RoNW % | 25.28 | 17.13 | 20.94 |
| Pat Margin % | 4.26 | 3.10 | 4.07 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Injecto Polymers Ltd | 10 | — | 10.55 | 10.55 | 25.28% | 41.73 |
| Emmbi Industries Ltd | 10 | 19.43 | 4.22 | 4.22 | 4.06% | 31.18 |
| Rdb Rasayans Ltd | 10 | 9.04 | 19.17 | 19.17 | 13.74% | 14.54 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company |
| 2 | Funding the Capital expenditure towards setting up phase IV at our existing manufacturing facility, Unit-I, situated at NH2 Bypass Road, Jaugram, Abujhati, Jamalpur, West Bengal 713166 |
| 3 | General Corporate Purposes |
About Injecto Polymers Limited
Injecto Polymers Limited incorporated in 1998, is engaged in the manufacturing of packaging products and trading of plastic granules and Polyvinyl Chloride (PVC) resins.
The company manufactures a wide range of packaging products, including Polypropylene (PP) Woven Fabrics & Bags, BOPP Bags, Leno Bags, LDPE & Polyester Pouches, FIBC Bags, and Non-Woven Bags. These products serve diverse industries such as agriculture, food, pharmaceuticals, textiles, chemicals, construction, and consumer goods.
Operating on a B2B model, the company provides customized packaging solutions in various shapes, sizes, and specifications to meet the specific requirements of its customers. Its key raw materials include PP, LLDPE, LDPE, HDPE, resins, and specialty polymers.
The company maintains in-house testing facilities to ensure product quality and compliance with applicable standards. It holds ISO 9001:2015 and ISO 22000:2018 certifications, along with BIS certification for food-grade packaging products.
Manufacturing Facilities
The company operates two manufacturing units in West Bengal:
Unit I: Jaugram, Jamalpur, West Bengal
Unit II: Howrah, West Bengal
Promoters
- Ramesh Kumar Rateria
- Ashok Kumar Rateria
- Suman Financial Advisory Private Limited
- Suman Towers Private Limited
- Vinayak Tie-Up Private Limited
- Nivedeeka Commercial Private Limited
- Bhagyashri Trading Private Limited
Contact details
Injecto Polymers Ltd.
5 th Floor, Room No. 2, Gate No. 3,
Poddar Court, 18, Rabindra Sarani, Lalbazar
Kolkata, West Bengal, 700001
Phone: 033 22378167
Email: cs@injectopolymers.in
Website: http://www.injectopolymers.in/
Injecto Polymers IPO FAQs
- What is the Injecto Polymers IPO price band?
- The Injecto Polymers IPO price band is ₹90 to ₹100 per share.
- What is the Injecto Polymers IPO lot size and minimum investment?
- The Injecto Polymers IPO lot size is 1200 shares. The minimum retail investment is ₹2,40,000 for one lot at the upper price band. Retail investors can apply for up to 2 lots (2,400 shares), costing ₹2,40,000.
- When was Injecto Polymers IPO open for subscription?
- Injecto Polymers IPO was open for subscription from Fri, 11 Sep 2026 to Wed, 16 Sep 2026.
- What is the Injecto Polymers IPO subscription status?
- Injecto Polymers IPO was subscribed 1.29x overall: QIB 1.57x, NII 1.21x and retail 1.28x. Day-wise and category-wise figures are on the subscription page.
- What was the Injecto Polymers IPO GMP before listing?
- The last Injecto Polymers IPO GMP before listing was 0 (0.00% against the upper price band of ₹100), implying an estimated listing price of ₹100. Across 10 days of tracking, GMP ranged from 0 (12 Sep) to 0 (12 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Injecto Polymers IPO allotment date?
- The Injecto Polymers IPO basis of allotment was finalised on Thu, 17 Sep 2026. You can check your allotment status on the Integrated Registry Management Services Private Limited website.
- What is the Injecto Polymers IPO listing date?
- Injecto Polymers IPO listed on BSE on Mon, 21 Sep 2026.
- Is the Injecto Polymers IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Injecto Polymers IPO?
- The registrar for the Injecto Polymers IPO is Integrated Registry Management Services Private Limited, and the book running lead manager is Indcap Advisors Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.