Shree TNB Polymers IPO
GMP, Subscription, Price, Dates & Financial Details
Plastic Products
Shree TNB Polymers Limited is a Silvassa-based manufacturer of high-performance polymer piping systems and plastic solutions. Incorporated on March 7, 2007, the company develops products for critical infrastructure across key sectors, including irrigation, agriculture, potable water supply,…
Open Date
Fri, 25 Sep 2026
Close Date
Tue, 29 Sep 2026
Price Band
₹ 47 – 52
Lot Size
2000
Issue Size
₹ 31.20 Cr
Minimum Investment
₹ 208,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shree TNB Polymers IPO is set to open its Initial Public Offering (IPO) for subscription on September 25, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹31.20 Crore, comprising a fresh issue of 60.00 Lakh equity shares aggregating to ₹31.20 Crore.
The Shree TNB Polymers IPO will open for subscription on September 25, 2026, and close on September 29, 2026. The basis of allotment is expected to be finalized on September 30, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on October 05, 2026.
The company has fixed the price band at ₹47 to ₹52 per share, with a lot size of 2000 shares. Retail investors will require a minimum investment of ₹208,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Pvt Ltd is the registrar to the issue. Corporate Makers Capital Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Shree TNB Polymers IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 29, 2026.
Shree TNB Polymers IPO Timeline (Tentative)
- IPO Open Date
- Fri, 25 Sep 26
- IPO Close Date
- Tue, 29 Sep 26
- Basis of Allotment
- Wed, 30 Sep 26
- Initiation of Refunds
- Thu, 01 Oct 26
- Credit of Shares to Demat
- Thu, 01 Oct 26
- Listing Date
- Mon, 05 Oct 26 — BSE
Open Date
25 September 2026
Close Date
29 September 2026
Basis Of Allotment
30 September 2026
Listing Date
05 October 2026
IPO Subscription
Check Live Subscription →The Shree TNB Polymers IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 25 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,96,000 shares, representing 35.02% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,40,000 shares (20%), while Non-Institutional Investors (NIIs) receive 8,58,000 shares (15.05%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 1,706,000 | 29.93% |
| Qualified Institutions | 1,140,000 | 20% |
| Non-Institutional | 858,000 | 15.05% |
| BNII | 0 | 0% |
| SNII | 0 | 0% |
| Retail Investors | 1,996,000 | 35.02% |
| Total | 5,700,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 145.26 | 127.38 | 105.03 |
| Revenue | 198.31 | 175.7 | 207.97 |
| Profit After Tax | 7.13 | 5.77 | 5.03 |
| Net Worth | 55.68 | 48.55 | 34.21 |
| Reserve & Surplus | 40.34 | 38.32 | 25.26 |
| Total Borrowings | 0 | 38.5 | 35.82 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shree TNB Polymers Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 13.69 | 13.95 | 15.87 |
| ROCE % | 16.02 | 15.25 | 17.06 |
| Debt / Equity | 0.8 | 0.79 | 0 |
| RoNW % | 13.69 | 13.95 | 15.87 |
| Pat Margin % | 3.6 | 3.29 | 2.42 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Shree TNB Polymers Ltd | 10 | 0 | 4.65 | 4.65 | 13.69 | 36.29 |
| Captain Pipes Ltd | 1 | 40.37 | 0.19 | 0.19 | 7.15 | 2.78 |
| Texmo Pipes and Products Ltd | 10 | 15.69 | 3.86 | 3.86 | 5.13 | 77.19 |
| Malpani Pipes and Fittings Ltd | 10 | 7.7 | 8.38 | 8.38 | 17.65 | 51.67 |
About Shree TNB Polymers Limited
Shree TNB Polymers Limited is a Silvassa-based manufacturer of high-performance polymer piping systems and plastic solutions. Incorporated on March 7, 2007, the company develops products for critical infrastructure across key sectors, including irrigation, agriculture, potable water supply, sewerage, drainage, telecom cable protection, construction, and general industrial applications.
Product Portfolio & Capabilities
Piping & Irrigation: HDPE pipes & fittings, PP and PPH pipes & fittings, Double Wall Corrugated (DWC) pipes, sprinkler pipes, and drip irrigation systems.
Industrial & Packaging Solutions: Solid industrial sheets and Well pack sheets designed for industrial and packaging uses.
Manufacturing Capacity: Operates two facilities in Silvassa spanning 23,028 sq. meters with a combined annual installed capacity of 24,000 MT.
Quality Assurance: Equipped with in-house quality-testing laboratories and multiple BIS/ISO certifications across various Indian Standards.
Operations & Distribution Network
Global & Domestic Reach: Serves a network of 325+ dealers and distributors across India, with export operations extending to the UAE, Sri Lanka, Oman, and Germany.
Workforce: As of March 31, 2026, the company employed 318 full-time staff. As of July 31, 2026, its team comprised 298 full-time employees and 39 contract laborers.
Shree TNB Polymers IPO Promoters
- Vijay Jaysukhlal Thosani
- Rasikbhai Gokalbhai Bhalodi
- Deepak Kumar Raura
- Shilpaben Rasikbhai Bhalodi
- Beena Vijay Thosani
- Reeta Deepak Raura
- Kishan Chandulal Patel
- Vipul Gokalbhai Bhalodi
- Hasmukhbhai Gokalbhai Bhalodi
- Jignaben Vipulbhai Bhalodi
- Jalpaben Hasmukhbhai Bhalodi
Promoters Holding
Holding Pre Issue
45.56%
Holding Post Issue
32.76%
Shree TNB Polymers IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure for purchase of machinery
- Capital Expenditure for the purchase and installation of Solar panel/ Roof top
- Part finances the capital expenditure for construction/ installation of Pre-Engineered Building (PEB) structure for new manufacturing facility
- Repayment of certain borrowings
- General Corporate Purpose
Shree TNB Polymers Limited Address / Contact Details
Shree TNB Polymers Ltd.
Sr. No. 132/1/1/4,
Behind Prince Pipes Athalroad
Silvassa, Dadra and Nagar Haveli and
Daman and Diu, 396230
Telephone:+91- 9662602584
Email:cs@shreetnbpolymers.in
IPO Snapshot
Shree TNB Polymers IPO Lot Size
The Shree TNB Polymers IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,08,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,08,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 208,000.00 |
| Retail (Max) | 2 | 4,000 | 208,000.00 |
| S-HNI (Min) | 3 | 6,000 | 312,000.00 |
| S-HNI (Max) | 9 | 18,000 | 936,000.00 |
| B-HNI (Min) | 10 | 20,000 | 1,040,000.00 |
Issue Reservation
- Anchor Investors — 29.93%
- QIB — 20%
- NII — 15.05%
- RII — 35.02%
Book Running Lead Managers
- Corporate Makers Capital Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shree TNB Polymers IPO?
Shree TNB Polymers IPO is a Book-building IPO with a total issue size of ₹31.2 crore. The Shree TNB Polymers IPO price band is ₹47 to 52 per share. The Shree TNB Polymers IPO subscription opens on Fri, Sep 25, 2026, and closes on Tue, Sep 29, 2026. The Shree TNB Polymers IPO will be listed on the BSE. MUFG Intime India Pvt Ltd is the registrar for the Shree TNB Polymers IPO.
When will the Shree TNB Polymers IPO open for subscription?
The Shree TNB Polymers IPO opens on Fri, Sep 25, 2026 and closes on Tue, Sep 29, 2026
What is Shree TNB Polymers IPO Price Band?
Shree TNB Polymers IPO Price Band is ₹47 to 52 per share.
What is Shree TNB Polymers IPO Lot Size?
Shree TNB Polymers IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹208000 based on the upper price band
What is the minimum investment for Shree TNB Polymers IPO?
The minimum investment for Shree TNB Polymers IPO is ₹208000, based on one lot of 2000 shares at the upper price band of ₹52 per share.
How to apply for Shree TNB Polymers IPO?
Investors can apply for the Shree TNB Polymers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 29, 2026. The application amount remains blocked until the Shree TNB Polymers IPO allotment is finalized.
What is Shree TNB Polymers IPO Issue Size?
Shree TNB Polymers IPO issue size is ₹31.2 crores.
What is the Shree TNB Polymers IPO Allotment Date?
Shree TNB Polymers IPO allotment date is Wed, Sep 30, 2026.
Who is the Shree TNB Polymers IPO Registrar?
The registrar for Shree TNB Polymers IPO is MUFG Intime India Pvt Ltd. Investors can go to MUFG Intime India Pvt Ltd website to check Shree TNB Polymers IPO allotment status, refund processing, and other IPO-related information.
Who is the Shree TNB Polymers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shree TNB Polymers IPO are Corporate Makers Capital Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shree TNB Polymers IPO Red Herring Prospectus (RHP).