Shree TNB Polymers(C)SME
Shree TNB Polymers Limited, founded in 2007, is a polymer manufacturing firm specializing in piping systems and plastic solutions including HDPE pipes, PP/PPH pipes, DWC pipes, and drip irrigation systems operating from Silvassa.
Price Band
₹52 - ₹52
Lot Size
4000 Shares
Issue Size
₹31.20 Cr
Fresh Issue
₹31.20 Cr
OFS
N/A
Registrar
AI Sentiment Score
Current GMP
₹0
Est. Listing: ₹52 (0%)
📅 IPO Timeline
1
Open
Sep 28, 2026
2
Close
Oct 5, 2026
3
Allotment
Oct 6, 2026
4
Refund
Oct 7, 2026
5
Demat
Oct 7, 2026
6
Listing
Oct 8, 2026
✨ AI Analysis & Prediction
-2.0%
predicted listing gain
Shree TNB Polymers SME IPO shows subdued subscription demand with total subscription below 1x, weak institutional interest, and zero grey market premium, pointing towards a flat to minor negative listing.
💪 Strengths
- Established manufacturing footprint with ISO/BIS certifications
- Diversified product portfolio catering to agriculture and infrastructure sectors
⚠️ Weaknesses
- Subdued institutional and retail subscription demand
- Modest profit margins and moderate return ratios
🚀 Opportunities
- Expansion into solar-powered manufacturing and PEB structures using IPO proceeds
- Growing demand for modern irrigation and drainage systems in India
🛡️ Threats
- High competition in the fragmented polymer and piping industry
- Raw material price volatility linked to crude oil prices
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure for purchase of machinery | ₹15.86 |
| Capital Expenditure for the purchase and installation of Solar panel/ Roof top | ₹2.60 |
| Part finances the capital expenditure for construction/ installation of Pre-Engineered Building (PEB) structure for new manufacturing facility | ₹1.32 |
| Repayment of certain borrowings | ₹5.62 |
| General Corporate Purpose | ₹5.80 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 207.97 Cr | Rs 175.70 Cr | Rs 198.31 Cr |
| Net Profit / PAT (₹ Cr) | Rs 5.03 Cr | Rs 5.77 Cr | Rs 7.13 Cr |
| Total Assets (₹ Cr) | Rs 105.03 Cr | Rs 127.38 Cr | Rs 145.26 Cr |
| ROE % | NA | NA | 13.69% |
| ROCE % | NA | NA | 16.02% |
| Debt / Equity | NA | NA | 0.80 |
📋 Live Subscription Status
QIB
0.75x
NII
1.60x
Retail
0.84x
Total
0.98x
Updated: Oct 2, 2026 6:35 PM
💼 Reservation Quota
QIB
0.75%
Retail
0.84%
NII
1.60%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company operates manufacturing facilities at Silvassa with in-house quality testing. Financially, it reported revenue of Rs. 198.31 crores and PAT of Rs. 7.13 crores in FY26, showing steady top-line growth with modest profit margins.
The IPO is a fresh issue worth Rs. 31.20 crores with a price band of Rs. 47 to Rs. 52 per share. Subscription levels were soft, with QIB at 0.75x and Retail at 0.84x, resulting in an overall subscription of 0.98x and a zero GMP.