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Shree TNB Polymers IPOLISTED
Shree TNB Polymers Limited manufactures HDPE, PP/PPH and DWC pipes, fittings and irrigation systems, serving infrastructure, agriculture, water supply, drainage and industrial applications.
Listing price
₹60
Listing gain
+13.21%
Current
₹60
Listed
08 Oct 26
Opens
28 Sept 26Closes
05 Oct 26Allotment
06 Oct 26Refund
07 Oct 26Demat
07 Oct 26Listing
08 Oct 26Listed at
₹60
+13.21% on 08 Oct 26
Overview
Price band
₹50-53
Lot size
2000 shares
Min. investment
₹2,12,000
Issue size
₹31.80 Cr
60.00 L shares
Fresh issue
₹31.8 Cr
60.00 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Market Maker | 3,00,000 | 5% |
| Anchor Investor | 17,06,000 | 28.43% |
| QIB | 11,40,000 | 19% |
| NII (HNI) | 8,58,000 | 14.3% |
| B-HNI | 5,72,000 | 9.6% |
| S-HNI | 2,86,000 | 4.7% |
| Individual | 19,96,000 | 33.27% |
| Total | 60,00,000 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,12,000 |
| Retail (Max) | 2 | 4,000 | ₹2,12,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,18,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,54,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,60,000 |
Listing performance
NSE/BSE: SHREETNBPOLYMERSListing gain
+13.21%
Gain per retail lot
₹28,000
Latest vs issue
—
GMP was
—
Issue price
Listing price
Latest price appears here during market hours.
Shree TNB Polymers Live GMP
Not enough GMP history yet to draw a trend.
Subscription
05 Oct, 05:08 pmOversubscribed 2.06 times · 1,061 applications
Total applications
1,061
Total bid amount
₹43.58 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 11,40,000 | 19,42,000 | 1.70x | ₹10.29 Cr |
| NII (HNI) | 8,58,000 | 28,56,000 | 3.33x | ₹15.14 Cr |
| B-HNI | 5,72,000 | 17,40,000 | 3.04x | ₹9.22 Cr |
| S-HNI | 2,86,000 | 11,16,000 | 3.90x | ₹5.91 Cr |
| Retail | 19,96,000 | 34,24,000 | 1.72x | ₹18.15 Cr |
| Total | 39,94,000 | 82,22,000 | 2.06x | ₹43.58 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 95 | 38 | 0.40x |
| S-HNI | 47 | 155 | 3.30x |
| Retail | 499 | 856 | 1.72x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
13.69%
PAT Margin
3.6%
ROCE
16.02%
EBITDA Margin
9.69%
Debt to Equity Ratio
0.8
Price to Book Value
1.1
RoNW
13.95%
Valuation vs listed peers
EPS Pre IPO
₹4.65
EPS Post IPO
₹3.34
P/E Pre IPO
11.18
P/E Post IPO
15.57
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
-4.6%
Profit growth FY24 → FY26
+41.7%
ROCE
16.02%
- PAT margin 3.6% and ROCE 16.0%.
Strengths & risks
- Diversified Products across pipes, fittings, irrigation and industrial sheets.
- 25+ Years Experience in the polymer industry.
- Strong Dealer Network with 325+ dealers.
- BIS & ISO Certifications supporting product quality.
- Multiple Applications across infrastructure, agriculture and industry.
Buzz score · Watch
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure for purchase of machinery. | 15.86 |
| Capital Expenditure for the purchase and installation of Solar panel/ Roof top. | 2.6 |
| 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 Purposes. | - |
Company & documents
Shree TNB Polymers Limited is a Silvassa-based polymer manufacturer offering HDPE, PP/PPH and DWC pipes & fittings, sprinkler and drip irrigation systems, and industrial and Well Pack sheets for infrastructure, agriculture and industrial applications.
The Company’s products serve irrigation, water supply, drainage, telecom, construction and industrial applications, with brands including NOBLE, TIRUPATI and BALAJI (WELLPACK).
TNB Polymers follows a B2B and B2C business model, supplying polymer products directly to businesses, manufacturers, commercial organisations and retail customers, including farmers. With 25+ years of experience, it serves both rural and urban markets.
The Company operates manufacturing facilities in Silvassa, covering approximately 23,028 sq. metres, with a combined capacity of 24,000 MT per annum. It is supported by an in-house quality testing laboratory, BIS/ISO certifications and a 325+ dealer network across key markets in India.
As at July 31, 2026, the Company had 298 full-time employees and 39 contract labourers, supporting its manufacturing, administration, sales and other operational activities.
Registrar
MUFG Intime India Pvt. Ltd.
Phone: +918108114949
Email: shreetnb.smeipo@in.mpms.mufg.com
Web: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Company contact
Shree TNB Polymers Limited
Sr. No. 132/1/1/4, Behind Prince Pipes, Athalroad Silvassa, Dadra and Nagar Haveli, Daman and Diu, 396230
Phone: +91- 9662602584
Email: cs@shreetnbpolymers.in
Book running lead managers
- Corporate Makers Capital Limited
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
