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, Subscription & Allotment Status Today
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.
- Price Band
- ₹50.00 - ₹53.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 05 Oct 2026
- Listing Date
- 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
| Current GMP | ₹7 |
|---|---|
| Estimated Listing Gain | +13.21% |
| Price Band | ₹50.00 - ₹53.00 |
| Issue Price | Approx ₹31.80 Crores |
| Listing Price | ₹60.00 |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 1.91x |
| Listing Date | 08 Oct 2026 |
| Minimum Investment | ₹2,12,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 11.40 | 19.42 | 1.70x |
| NII | 11.58 | 28.56 | 2.47x |
| Retail | 19.96 | 34.24 | 1.72x |
| Overall Subscription | 42.94 | 82.22 | 1.91x |
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.
Company data
{Shree TNB Polymers}: financials, valuation & listing
Listing details
| Listing date | 08 Oct 2026 |
|---|---|
| BSE code | 544978 |
| ISIN | INE935K01018 |
| Offer price | ₹47 – ₹52 |
| Face value | ₹10 |
| Listing price | ₹60 |
Valuation
| Return on equity (ROE) | 13.69% |
|---|---|
| Return on capital employed (ROCE) | 16.02% |
| EBITDA margin | 9.69% |
| PAT margin | 3.60% |
| Debt to equity | 0.80 |
| EPS | 4.65 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 13.69% |
| NAV per share | 36.29 |
Financial history
| 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. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| Captain Pipes Limited | 77.73 Cr. | 0.19 | 40.37 | 7.15 | 2.78 |
| Texmo Pipes and Products Limited | 352.59 Cr. | 3.86 | 15.69 | 5.13 | 77.19 |
| Malpani Pipes and Fittings Limited | 163.03 Cr. | 8.38 | 7.70 | 17.65 | 51.67 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| 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%) |
Key dates
| UPI mandate deadline | 05 Oct 2026 |
|---|---|
| Allotment finalised | 06 Oct 2026 |
| Refund initiation | 07 Oct 2026 |
| Shares credited | 07 Oct 2026 |
| Mandate end date | 20 Oct 2026 |
| Anchor lock-in ends (50%) | 04 Nov 2026 |
| Anchor lock-in ends (remaining) | 03 Jan 2027 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare Shree TNB Polymers IPO with similar IPOs
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
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 Details
Shree TNB Polymers IPO is a book building issue with an issue size of Approx ₹31.80 Crores. The IPO comprises a fresh issue of Approx ₹31.80 Crores and is proposed to be listed on the BSE SME. The IPO price band is set at ₹50 – ₹53 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 28 Sept 2026 |
| IPO Close Date | 05 Oct 2026 |
| IPO Price Band | ₹50 – ₹53 |
| Issue Size | Approx ₹31.80 Crores |
| Fresh Issue | Approx ₹31.80 Crores |
| Issue Type | SME |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The above Shree TNB Polymers IPO details are based on the information provided for the issue.
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 |
|---|---|---|---|---|---|
| Captain Pipes Limited | 0.19 | 40.37 | 7.15 | 2.78 | 77.73 Cr. |
| Texmo Pipes and Products Limited | 3.86 | 15.69 | 5.13 | 77.19 | 352.59 Cr. |
| Malpani Pipes and Fittings Limited | 8.38 | 7.70 | 17.65 | 51.67 | 163.03 Cr. |
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.
FAQ
Shree TNB Polymers IPO FAQs
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.
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