IPO Details

Shree TNB Polymers Limited IPO

Shree TNB Polymers Limited logo
SME IPO
₹94,000

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Shree TNB Polymers Limited

Industry / Sector: Plastic Products / Polymer Piping Systems

Founded Year: March 07, 2007

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

Shree TNB Polymers Limited is a Silvassa-based polymer manufacturing company specializing in piping systems and plastic solutions. The Company was established to consolidate the running businesses of four erstwhile partnership firms — M/s Tirupati Plastic Industries, M/s Noble Polymers, M/s Shreeji Plastic Industries, and M/s Balaji Polymers — with commercial operations tracing back to 2001. The company offers products across three brands: "Noble" (HDPE/PP/PPH pipes, DWC pipes, drip irrigation and sprinkler systems), "Tirupati" (solid industrial sheets), and "Wellpack" (well pack sheets). It operates two manufacturing facilities at Silvassa across 23,028 sq. mtrs. with a combined installed capacity of 24,000 MT per annum, supported by in-house quality testing laboratories and BIS/ISO certifications. As of March 31, 2026, the company employed 318 full-time employees and maintained a 325+ dealer/distributor network across India, with exports to UAE, Sri Lanka, Oman, and Germany.

IPO Basic Details

Company NameShree TNB Polymers Limited
IPO TypeSME IPO
Price Band₹47 – ₹52
Lot Size2000 Shares
Total Issue Size60,00,000 Equity Shares (₹31.20 Cr)

IPO Strengths & Risks

Strengths

  • Strong promoter-driven business with deep market understanding and relationships. Established presence in the polymers/trading/manufacturing segment with long-standing industry experience.
  • Diversified product portfolio catering to multiple industrial applications
  • Cordial relationship with the customers/ dealers/ distributors and established manufacturing facilities
  • Quality Products with Certifications

Risks

  • The company relies on third-party suppliers for raw materials
  • The company's business is concentrated in the western region of India
  • The company operates in a highly competitive industry
  • The company is subject to stringent environmental regulations

IPO Important Dates

IPO Open Date25 Sep 2026
IPO Close Date29 Sep 2026
Basis of Allotment30 Sep 2026
Refund Initiation01 Oct 2026
Demat Credit Date01 Oct 2026
Listing Date05 Oct 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – -

Investor Reservation

QIB Quota49.93% of Net Issue (28,46,000 shares)
Retail Quota35.02% of Net Issue (19,96,000 shares)
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum2 Lots4000₹2,08,000
Retail Maximum2 Lots4000₹2,08,000
S-HNI Minimum3 Lots6000₹3,12,000
S-HNI Maximum9 Lots18000₹9,36,000
B-HNI Minimum10 Lots20000₹10,40,000

Key Performance Indicators (KPI)

ROE13.69%
ROCE16.02%
RoNW-
PAT Margin3.60%
EBITDA Margin9.69%
EPS₹4.65 (Pre-IPO), ₹3.34 (Post-IPO)
NAV per share-
Debt to Equity0.80
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
FY2026₹145.26 Cr₹198.31 Cr₹7.13 Cr₹19.20 Cr₹55.68 CrNot explicitly stated in the source
FY2025₹127.38 Cr₹175.70 Cr₹5.77 Cr₹15.47 Cr₹48.55 Cr₹38.50 Cr
FY2024₹105.03 Cr₹207.97 Cr₹5.03 Cr₹15.22 Cr₹34.21 Cr₹35.82 Cr

Grey Market Premium

GMP PriceNot Available
Kostak RateNot Available
Subject to SaudaNot Available
Last UpdatedNot Available
Estimated Listing PriceTBA

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: MUFG Intime India Pvt. Ltd.

Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Lead Manager(s)

Corporate Makers Capital Ltd.

Company Information

Address: Sr. No. 132/1/1/4, Behind Prince Pipes, Athalroad, Silvassa, Dadra and Nagar Haveli and Daman and Diu - 396230

Website: https://www.shreetnbpolymers.in

Email: cs@shreetnbpolymers.in

Phone: +91- 9662602584

IPO Documents

Frequently Asked Questions (FAQ)

Explore More Investment Opportunities

Discover IPOs, unlisted shares, and broker comparison tools curated for smart investors.