Shree TNB Polymers IPO GMP today is Rs 7. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
SHREETNB
Shree TNB Polymers IPO GMP & Allotment
Shree TNB Polymers operates in the polymer manufacturing sector, producing a range of plastic products across its three primary divisions: the Piping Division, the Solid Industrial Sheets Division, and the Corrugated/Flute Board Sheets Division. The company’s core business involves manufacturing and distributing these items under distinct brand names, specifically Noble, Tirupati, and Balaji (Wellpack). Its manufacturing operations are centralized in two facilities located in Silvassa, Dadra and Nagar Haveli. The company generates revenue through the sale of its manufactured products to various customer segments, including business houses, other manufacturing facilities, government entities, and end consumers. These sales are facilitated through direct channels as well as an established network of over 325 dealers and distributors across multiple states. Its product offerings cater to diverse industrial and consumer needs, relying on raw materials to maintain its manufacturing output.
- IPO Price Band
- ₹50.00 - ₹53.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 05 Oct 2026
- Listing Date
- 08 Oct 2026
Quick Answer & Highlights
Shree TNB Polymers IPO GMP Today & Key Takeaways
Last updated: 06 Oct 2026
Shree TNB Polymers IPO officially listed on 08 Oct 2026 at Rs 60.00, delivering a +13.21% listing gain compared to its issue price of Rs 31.80. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹7.
Shree TNB Polymers IPO officially listed on 08 Oct 2026 at ₹60.00, delivering a +13.21% listing gain compared to its issue price of ₹31.80. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹7.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹7 | +13.21% vs upper band (06 Oct 2026) |
| Est. Listing Price | ₹60.00 | +13.21% Est. Listing Gain |
| Price Band | ₹50.00 - ₹53.00 | SME IPO |
| Retail Minimum Investment | ₹2,12,000 | 2 Lot (2,000 Shares) |
| Bidding Window | 28 Sept 2026 – 05 Oct 2026 | Listed |
| Allotment & Listing Dates | Allotment: 06 Oct 2026 | Listing: 08 Oct 2026 |
Current GMP Status
₹7
+13.21% vs upper band
Est. Listing Gain
+13.21%
Last Trend
06 Oct 2026
Listing Price
₹60.00
Retail Entry
₹2,12,000
IPO Details
Complete IPO information
| IPO Open Date | 28 Sept 2026 |
|---|---|
| IPO Close Date | 05 Oct 2026 |
| IPO Price Band | ₹50.00 - ₹53.00 |
| Lot Size | 2,000 Shares |
| Current GMP | ₹7 |
| Estimated Listing Gain | +13.21% |
| Issue Size | Approx ₹31.80 Cr |
| Fresh Issue | Approx ₹31.80 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Overall Subscription | 1.91x |
| Minimum Investment | ₹2,12,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 11.4 | 19.42 | 1.70xx |
| NII | 11.58 | 28.56 | 2.47xx |
| Retail | 19.96 | 34.24 | 1.72xx |
| Overall Subscription | 42.94 | 82.22 | 1.91xx |
Day-wise demand
Shree TNB Polymers IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 2 (29 Sept) | 0.41x | 0.49x | 0.05x | 0.27x |
| Day 3 (30 Sept) | 0.75x | 0.91x | 0.51x | 0.68x |
| Day 4 (01 Oct) | 0.75x | 0.91x | 0.51x | 0.68x |
| Day 6 (05 Oct) | 0.75x | 1.45x | 0.84x | 0.98x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Shree TNB Polymers is priced at ₹53 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,12,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Shree TNB Polymers stands at ₹7, implying an estimated listing gain of around 13.21% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Shree TNB Polymers's IPO was subscribed 1.91x overall, with a category-wise breakdown of Retail 1.72x, QIB 1.7x, NII 2.47x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
28 Sept 2026
✓
Bidding Closes
05 Oct 2026
✓
Allotment
06 Oct 2026
✓
Listing
08 Oct 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 28 Sept 2026 | Completed |
| Bidding Closes | 05 Oct 2026 | Completed |
| Allotment | 06 Oct 2026 | Completed |
| Listing | 08 Oct 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 06 Oct 2026 | ₹0.00 | - | TBA |
| 05 Oct 2026 | ₹0.00 | -₹6.00 | TBA |
| 02 Oct 2026 | ₹6.00 | +₹1.00 | 11.32% |
| 01 Oct 2026 | ₹5.00 | - | 9.43% |
| 25 Sept 2026 | ₹5.00 | - | 9.62% |
| 24 Sept 2026 | ₹5.00 | - | 9.62% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,12,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,12,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹3,18,000 |
| S-HNI Maximum | 9 Lot | 18,000 | ₹9,54,000 |
| B-HNI Minimum | 10 Lot | 20,000 | ₹10,60,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Shree TNB Polymers IPO Reservation
The Shree TNB Polymers IPO reservation is divided among Anchor Investors, Qualified Institutional Buyers excluding the anchor portion, Non-Institutional Investors and Retail Investors. The category-wise allocation is provided below.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 17,06,000 Shares | 28.43% |
| QIB (Ex. Anchor) | 11,40,000 Shares | 19.00% |
| NII Shares Offered | 8,58,000 Shares | 14.30% |
| Retail Shares Offered | 19,96,000 Shares | 33.27% |
Note: The reservation figures are based on the provided Shree TNB Polymers IPO allocation details and may be updated in the final offer documents.
Analysis
Shree TNB Polymers IPO Anchor Investors
Shree TNB Polymers has scheduled its anchor investor bidding ahead of the IPO opening. The anchor allocation covers 17,06,000 equity shares, with the applicable lock-in periods extending through October and December 2026.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 25, 2026 |
| Shares Offered | 17,06,000 Shares |
| Anchor Size | 9.04 Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | October 30, 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | December 29, 2026 |
Note: Anchor investor allocation and lock-in details are based on the provided Shree TNB Polymers IPO information.
Analysis
Shree TNB Polymers IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 28 Sept 2026 |
| IPO Close Date | 05 Oct 2026 |
| Basis of Allotment | 06 Oct 2026 |
| Refunds | 07 Oct 2026 |
| Credit to Demat Account | 07 Oct 2026 |
| IPO Listing Date | 08 Oct 2026 |
Note: The timeline for Shree TNB Polymers IPO is tentative and subject to change.
Analysis
Shree TNB Polymers IPO Promoters and Holding Pattern
Shree TNB Polymers is promoted by a group of individuals with experience and involvement in the company's business operations. The promoter group includes the following individuals:
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 and Jalpaben Hasmukhbhai Bhalodi.
The holding pattern below presents the shareholding position before and after the IPO. The share figures and percentages are shown as provided for the respective shareholder categories.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | – | -% | – | -% |
| Others* | – | -% | – | -% |
| Total | – | 100% | – | 100% |
Note: The holding pattern figures are based on the shareholding data provided for the Shree TNB Polymers IPO.
Analysis
Shree TNB Polymers Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Capital expenditure for purchase of machinery | 15.86 (50.83%) |
| Capital expenditure for solar panel/roof top | 2.6 (8.33%) |
| Construction of Pre-Engineered Building structure | 1.32 (4.23%) |
| Repayment / Prepayment of Borrowings | 5.62 (18.01%) |
| General Corporate Purposes | 6.40 (18.60%) |
Note: Objectives are as specified in the DRHP/RHP documents of Shree TNB Polymers.
Analysis
Shree TNB Polymers About IPO
Shree TNB Polymers, founded on March 7, 2007, is one of the leading polymer manufacturing firms, focusing on piping systems and plastic solutions. Its product range consists of HDPE pipes & fittings, PP (Polypropylene) and PPH (Polypropylene Homopolymer) pipes & fittings, Double Wall Corrugated (DWC) pipes, sprinkler pipes, drip irrigation systems, solid industrial sheets, and well pack sheets.
Its products are mainly used in diverse critical applications such as irrigation and agriculture, potable water supply schemes, sewerage and drainage systems, telecom cable protection, construction, and industrial usage. Shree TNB Polymers operates 2 manufacturing facilities at Silvassa across 23,028 sq. mtrs, backed by in-house quality testing laboratories and BIS/ISO certifications.
Analysis
Shree TNB Polymers Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 207.97 Cr. | 201.48 Cr. | 5.03 Cr. | 105.03 Cr. |
| 2025 | 175.70 Cr. | 168.85 Cr. | 5.77 Cr. | 127.38 Cr. |
| 2026 | 198.31 Cr. | 188.15 Cr. | 7.13 Cr. | 145.26 Cr. |
Note: Financial numbers for Shree TNB Polymers are in ₹ Crores unless stated otherwise.
Analysis
Shree TNB Polymers Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 13.69% |
| ROCE | 16.02% |
| EBITDA Margin | 9.69% |
| PAT Margin | 3.60% |
| Debt to Equity Ratio | 0.80 |
| Earning Per Share (EPS) | 4.65 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 13.69% |
| Net Asset Value (NAV) | 36.29 |
Note: Valuation KPIs for Shree TNB Polymers are computed for FY2026.
Analysis
Shree TNB Polymers IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Malpani Pipes and Fittings Limited | 8.38 | 7.70 | 51.67 | 17.65 | 163.03 |
| Texmo Pipes and Products Limited | 3.86 | 15.69 | 77.19 | 5.13 | 352.59 |
| Captain Pipes Limited | 0.19 | 40.37 | 2.78 | 7.15 | 77.73 |
Note: Peer group comparisons for Shree TNB Polymers are sourced from DRHP filings.
Analysis
Shree TNB Polymers IPO Lead Managers aka Merchant Bankers
- Corporate Makers Capital Ltd.
Comparison
Compare Shree TNB Polymers IPO with similar IPOs
FAQ
Shree TNB Polymers IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 7 and an issue price of Rs 53, the estimated listing price for Shree TNB Polymers IPO is Rs 60.00 (approx 13.21% listing gain). Actual listing price is determined by market demand on the listing day.
Shree TNB Polymers IPO price band is Rs 50.00 to Rs 53.00. Check the latest issue price, lot size and GMP together before applying.
Shree TNB Polymers IPO open date is 28 Sept 2026, close date is 05 Oct 2026, and listing date is 08 Oct 2026.
Shree TNB Polymers IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,12,000.
Shree TNB Polymers is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Shree TNB Polymers IPO subscription status currently shows Retail 1.72x, QIB 1.7x, NII 2.47x, Overall 1.91x.
Shree TNB Polymers operates in the polymer manufacturing sector, producing a range of plastic products across its three primary divisions: the Piping Division, the Solid Industrial Sheets Division, and the Corrugated/Flute Board Sheets Division. The company’s core business involves manufacturing and distributing these items under distinct brand names, specifically Noble, Tirupati, and Balaji (Wellpack). Its manufacturing operations are centralized in two facilities located in Silvassa, Dadra and Nagar Haveli. The company generates revenue through the sale of its manufactured products to various customer segments, including business houses, other manufacturing facilities, government entities, and end consumers. These sales are facilitated through direct channels as well as an established network of over 325 dealers and distributors across multiple states. Its product offerings cater to diverse industrial and consumer needs, relying on raw materials to maintain its manufacturing output.
Shree TNB Polymers IPO issue size is TBA and the expected allotment date is 06 Oct 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
Community discussion
Comments
Share a useful question or insight about Shree TNB Polymers.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
SME
Vedant Poly Fabs
Price Band₹88.00 - ₹94.00
Current GMP₹1 · +1.1%
Lot Size1,200 Shares
SME
Johnsoncab Electricals
Price Band₹190.00 - ₹200.00
Current GMP₹8 · +4.0%
Lot Size600 Shares
SME
HGS (India)
Price Band₹114.00 - ₹120.00
Current GMP₹28 · +23.3%
Lot Size1,200 Shares
SME
Maxwell Engineering Solutions
Price Band₹150.00 - ₹158.00
Current GMP₹142.2 · +66.5%
Lot Size800 Shares
Loading comments...