
Minimum Investment
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 Name | Shree TNB Polymers Limited |
| IPO Type | SME IPO |
| Price Band | ₹47 – ₹52 |
| Lot Size | 2000 Shares |
| Total Issue Size | 60,00,000 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 Date | 25 Sep 2026 |
| IPO Close Date | 29 Sep 2026 |
| Basis of Allotment | 30 Sep 2026 |
| Refund Initiation | 01 Oct 2026 |
| Demat Credit Date | 01 Oct 2026 |
| Listing Date | 05 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 Quota | 49.93% of Net Issue (28,46,000 shares) |
| Retail Quota | 35.02% of Net Issue (19,96,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 4000 | ₹2,08,000 |
| Retail Maximum | 2 Lots | 4000 | ₹2,08,000 |
| S-HNI Minimum | 3 Lots | 6000 | ₹3,12,000 |
| S-HNI Maximum | 9 Lots | 18000 | ₹9,36,000 |
| B-HNI Minimum | 10 Lots | 20000 | ₹10,40,000 |
Key Performance Indicators (KPI)
| ROE | 13.69% |
| ROCE | 16.02% |
| RoNW | - |
| PAT Margin | 3.60% |
| EBITDA Margin | 9.69% |
| EPS | ₹4.65 (Pre-IPO), ₹3.34 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.80 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹145.26 Cr | ₹198.31 Cr | ₹7.13 Cr | ₹19.20 Cr | ₹55.68 Cr | Not 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 Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| 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)
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)
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